MetaMask’s Security Partner Blockaid Attracts $33M
Startup Blockaid has successfully raised a total of $33 million in Series A funding, with contribution from Ribbit Capital and Varian.
The company, which specializes in preventing malicious transactions with its MetaMask and OpenSea partnership, plans to use the funds to expand its technology.
Other investors who participated in the funding round include Sequoia Capital, Cyberstarts, and Greylock Partners.
The Blockaid team made an announcement to take the platform out of stealth mode. It is compatible with any blockchain technology.
In addition to MetaMask and OpenSea, the Rainbow and Zerion wallets have also used Blockaid’s tools. These decentralized applications (dApps) now have a warning function in place to alert users of potential scams.
The solution analyzes the blockchain data to identify malicious activities such as signature forgery and unauthorized withdrawals from wallets.
Blockaid has formed a strategic partnership to provide its secure Web3 application technology to other companies.
