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Israeli Blockchain Security Company Blockaid Raises $33 Million, Aikido Security Secures €5 Million Funding

2023-11-15 12:34:49.443000

Blockaid, an Israeli blockchain security company, has raised $33 million in a recent funding round [9f07a29a]. The funding will be used to develop products, expand the development team, and grow the customer base. Blockaid provides advanced security solutions for web3 applications, protecting users from malicious transactions. The company was co-founded by Ido Ben-Natan and Raz Niv, who have extensive experience in Israeli cyber intelligence. Blockaid's team includes former Israeli Unit 8200 cyber intelligence personnel. The company's security solution is compatible with any blockchain network and can simulate off-chain signatures effectively, ensuring enhanced user security.

Aikido Security, a startup from Gent, has secured a funding of five million euros to further improve its all-in-one security solution [ba87dc3c]. The company aims to target growing SaaS companies with its product. The funding will be used for the development of more functionality and to strengthen the product, development, marketing, and sales teams. Aikido plans to expand its customer base, with a focus on Europe and North America. The investment round was led by Notion Capital and Connect Ventures, with participation from Inovia Capital Precede Fund.

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