Connect with us

Hi, what are you looking for?

Companies

Certora has raised $36 million in a Series B round led by Jump Crypto

Quick Take

  • Certora has raised $36 million in a Series B round led by Jump Crypto, with participation from Tiger Global and Galaxy Digital. 
  • The Israel-based company provides security analysis tools for blockchain smart contracts.

Certora, an Israel-based company that provides security analysis tools for smart contracts, announced it has raised $36 million in a Series B round led by Jump Crypto.

The round featured participation from Tiger Global, Galaxy Digital and existing Series A investors, including Electric Capital, ACapital, Framework Ventures, Coinfund, Lemniscap, Coinbase and VMware, according to a statement on Tuesday.

Certora enables smart contract developers to detect mistakes before deploying code post audits. DeFi protocols including Aave, Balancer, Compound Finance, MakerDao, Sushi and others use Certora to protect their smart contracts from bugs before launch as a final checkpoint after a code audit is complete, the statement said.

The company says it secures about $50 billion in decentralized finance (DeFi) projects with techniques similar to those used for safety-critical programs such as avionics software. Certora’s technology was developed through two decades of academic research in formal verification and programming languages.

Saurabh Sharma, partner and head of investments at Jump Crypto, said: “Powered by world-class experts, Certora leverages formal verification to employ a suite of scalable and robust products that offer much higher reusability and granular testing.”

Certora is led by Shmuel Sagiv, computer science chair at Tel Aviv University and a pioneer of formal verification, the research field that powers the technology behind Certora.

Certora’s team of 65 people has extensive mathematics and security experience and includes lecturers from Cornell and the University of Washington, as well as security engineers from traditional financial firms like JPMorgan.

Featured

Bitcoin

US-based Wells Fargo publicly announced its spot Bitcoin ETF investments in a statement to the US Securities and Exchange Commission (SEC). On the other...

Bitcoin Mining

The mining industry for Bitcoins incurred a sizeable debt load during the bull market of 2021, which hurt their financial health during the subsequent...

Altcoin

Ripple is attempting an upside break above the $0.365 resistance zone against the US Dollar. XRP price could fail to gain pace if it...

Bitcoin

Bitcoin price is facing resistance near $17,000. BTC could start another decline unless there is a strong move above the $17,000 resistance zone. Bitcoin...