Web3 Security Firm CertiK Targets IPO with Two Billion Dollar Valuation

CertiK, a leading blockchain security company, is planning to go public in the medium term. This was confirmed by co-founder Ronghui Gu at the World Economic Forum in Davos. The target valuation is approximately two billion US dollars – a figure that was already achieved in the last funding round in 2022 ^[1].

The company, founded in New York in 2018, specializes in auditing smart contracts and works with over 5,000 clients according to its own statements. CertiK has audited code securing assets worth approximately 600 billion US dollars ^[1].

Investors include prominent names such as Binance, Coinbase, Softbank, and several international venture capital funds. CertiK recently announced a strategic partnership with YZi Labs, the family office of Binance founder Changpeng Zhao, who is reported to have invested an additional amount in the double-digit millions ^[1].

Despite its strong market position, CertiK has recently faced criticism, including for auditing controversial projects. An IPO would subject the company to additional public scrutiny. A recent CertiK study also shows that criminals in the crypto sector are increasingly relying on social engineering rather than technical vulnerabilities ^[1].