Blockaid plans to use funds for research and development, as the demand for Onchain security tools is expected.
Blockaid, the Onchain security platform, has announced that it raised $ 50 million of funding from Series B led by Ribbit Capital, with the participation of GV, previously known as Google Ventures, Variant and Cyblestarts.
According to the announcement of February 18, funding will be applied to the research, producer, engineering and transition teams to the market. The demand for the security of Onchain is expected to increase from the original companies, traditional banks and hedge funds.
Blockaid is used for some of the names known in space, including Coinbase, UISWAP, Metamask, IMMUTABLE, Ava Labs and Stellar. It provides the safety of the end user through a direct portfolio, integrate decentralized applications and discover threats with Blockcha control.
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