Security company CertiK considers IPO, targeting a valuation of $2 billion

The blockchain security audit company CertiK is exploring the possibility of an initial public offering (IPO), with a target valuation of approximately $2 billion. CertiK co-founder and Columbia University computer science associate professor Ronghui Gu stated in an interview this week in Davos, Switzerland, that while a specific timeline for the IPO has not yet been established, it has become a clear goal for the company.

Founded in 2018 and headquartered in New York, CertiK primarily provides smart contract auditing and security services for blockchain projects. Ronghui Gu revealed that CertiK has served over 5,000 clients, with the assets protected by audited code amounting to approximately $600 billion. The company's most recent funding round occurred in 2022, when CertiK's valuation reached $2 billion in a Series B3 funding round led by Insight Partners, Tiger Global, and Advent International, raising $88 million.

Ronghui Gu stated that Binance is CertiK's earliest and currently largest financial supporter, with other investors including Coinbase and SoftBank. Earlier this month, CertiK also announced a strategic partnership with YZi Labs, a family office affiliated with CZ. Ronghui Gu mentioned that Binance recently made an investment in CertiK in the tens of millions of dollars range.