Certik

CertiK specializes in blockchain and smart contract audits, offering a formal verification framework to ensure the security of these digital contracts and blockchain systems. With its platform, the company applies mathematical validations, outpacing traditional manual detection methods. Its solution suite includes features such as a decomposition approach, a proof engine, certified dApp libraries, smart labeling, and the proprietary CTK cryptocurrency for platform transactions.

CertiK's offers blockchain and smart contract audits, primarily serving businesses in the blockchain and cryptocurrency sector. Its platform offers services like pre-deployment code audits that are crucial to preventing losses from potential security breaches. By utilizing CertiK's services, businesses can ensure the security of their smart contracts and blockchain systems, thereby building trust with their customers and stakeholders. Its recently launched Know Your Customer (KYC) and fraud investigation service further strengthen its offerings, providing a means to prevent project scams and "rug-pulls."​

Key customers and partnerships

The company has a strong partner network for varying purposes, including names such as Binance, Alchemy, Polygon, and FalconX.

CertiK partnered with Alibaba Cloud in May 2023 to provide blockchain security services to cloud-based Web3 projects. This partnership enables Web3 developers to accelerate their development process and secure their applications and smart contracts with CertiK’s Security Suite and Alibaba Cloud’s scalable, highly efficient, and secure infrastructure. CertiK's smart contract auditing service and Layer 1 blockchain auditing service are fully integrated into Alibaba Cloud. In addition, CertiK's upcoming Skynet vulnerability scanning platform will scan code and identify vulnerabilities in real time, providing developers with real-time monitoring and remediation recommendations​.

In August 2023, Certik extended its partnership with BingX , a Singaporean cryptocurrency exchange, to enable BingX to integrate the company’s Security Score API in its products. In September 2023, the company partnered with CrossAngle, a Web3 data intelligence platform provider, to integrate its API data, which includes market prices, weighted indices, project profiles, and research reports, into its security products.

Funding and Financials

The company has been aggressively raising funding over the past two years, with its most recent Series B funding rounds consisting of USD 60 million in April 2022 and USD 88 million in March 2022, at a valuation of USD 2 billion. The proceeds were used for product development, specifically for new data-driven security products.