Blockaid Secures $50M in Series B to Strengthen Onchain Security

Blockaid has successfully raised $50 million in a Series B funding round led by Ribbit Capital, with participation from GV (formerly Google Ventures), Variant, and Cyberstarts.

This latest investment brings Blockaid’s total funding to $83 million and highlights the growing demand for robust blockchain security solutions as the sector continues to evolve.

Blockaid Expands to Meet Rising Security Demands

Founded in 2023, Blockaid has positioned itself as a leading on-chain security platform, working with major crypto players such as Coinbase, MetaMask, Uniswap, Stellar, Immutable, Ava Labs, and World App. The company’s security technology safeguards over $101 billion in assets and has prevented more than $5.3 billion in potential losses.

Blockaid’s advanced machine-learning models scan transactions and decentralized application (dApp) connections to detect malicious activity. To date, the company has identified over 15 million malicious dApps and blocked more than 71 million cyberattacks.

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As blockchain adoption accelerates, the need for security solutions extends beyond crypto-native projects. Blockaid’s CEO, Ido Ben-Natan, emphasized the importance of security in an increasingly “adversarial” landscape, where evolving threats put both institutional and retail investors at risk. With this funding, the company plans to expand its research, product, engineering, and go-to-market teams, focusing not only on crypto but also on traditional banking, fintech, and hedge funds.

The $50 million funding round signals a broader shift in the venture capital landscape, as investor confidence in blockchain security firms strengthens. Following the 2023 market downturn—marked by events such as the Terra/UST collapse and the FTX fraud—venture capitalists became cautious about backing crypto-related businesses. However, Blockaid’s strong growth and revenue performance indicate renewed interest in Web3 security solutions.

With a growing portfolio of high-profile clients and cutting-edge security technology, Blockaid is well-positioned to lead the charge in securing digital assets against emerging threats. As blockchain adoption increases, ensuring the safety of transactions and decentralized applications will be critical for the industry’s long-term success.

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