Web3 security firm CertiK’s recently launched venture arm, CertiK Ventures, plans to invest $45 million of its funds in a new suite of products built in-house as well as other opportunities, the company announced in a statement on Thursday.
“The official launch of CertiK Ventures during Token2049 completes CertiK’s full-chain security solution, enabling its upgraded product suite to support projects from their early stages to becoming major industry players,” the firm wrote.
In addition to investing in startups, CertiK Ventures plans to help fund two new free security tools, Token Scan and Wallet Scan, designed to help users safeguard their assets from malicious tokens and wallet codes.
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Backed by firms including Sequoia Capital, Tiger Global and Goldman Sachs, CertiK is currently valued at $2 billion, making it the highest-valued web3 security company in operation. The company claims to have worked with over 4,700 projects across 150 countries, including Ton, Ripple, Aptos and Binance.
In June, Certik stirred controversy after it withdrew some $3 million from Kraken after discovering a vulnerability and not immediately alerting the exchange. The firm has also been accused of front-running bug bounty programs.
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