CertiK Plans IPO with $2 Billion Valuation as First Public Web3 Cybersecurity Firm
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: Coinmarketcap
- IPO Ambition: CertiK is planning an initial public offering (IPO) with a target valuation of $2 billion, aiming to become the first public Web3 cybersecurity company, highlighting its strategic positioning in the rapidly evolving crypto market.
- Client Base: Since its establishment in 2018, CertiK has served over 5,000 clients and reviewed code protecting around $600 billion in assets, indicating its significant influence and demand in the blockchain security sector.
- Funding Support: CertiK has raised $296 million since its inception, with major investors including Binance, SoftBank Vision Fund, Tiger Global, and Goldman Sachs, showcasing its strong fundraising capabilities and market trust.
- Trust Restoration: Despite facing criticism for auditing code linked to cybercriminals, CertiK is committed to restoring market trust through its IPO and technological innovations, emphasizing the importance of security and transparency in the Web3 ecosystem.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
