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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    Enhancing Security in Online Gambling with Blockchain Technology

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

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    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

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    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

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    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

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    Somnia Launches Playground App to Empower Metaverse Creators

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    NFT sales reach $125m, Ethereum dethrones Polygon

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    Terminus Teams Up with Enterise to Revolutionize Web3 Film Payments

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    OpenSea Dominates With 7.09k Sales as Azuki and Guild of Guardians Power NFT Market Momentum

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    Courtyard Tops Sales, CryptoPunks Dominate High-Value Trades

    NFT sales plunge 18% to $116.9m, Polygon beats Ethereum

    NFT sales plunge 18% to $116.9m, Polygon beats Ethereum

    Matt Furie NFTs Crater 97% After Mint Exploit

    Matt Furie NFTs Crater 97% After Mint Exploit

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    Should You Play This NFT Soccer Game?

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    Floki Forges Partnership with Method to Bring Valhalla to MMO Community

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    Why ‘Eve Frontier’ Is Opening Up to Everyone With Free Trial Experience

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    GaFin And Decimated Collaborate to Start New Era of Web3 Gaming

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    NeoDashboard introduces strategy card game “War on Bugs”

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    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

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    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    ETH Daddy Discusses Ethereum and AI

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    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

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    Long and Short Positions in Crypto Explained for Beginners

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    What Is Fully Diluted Valuation (FDV) in Crypto?

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    What Does FUD Mean in Crypto? The Fear, Uncertainty, and Doubt Effect

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    What Is Crypto Staking? How to Earn Crypto by Holding It

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    What Is Yield Farming in Crypto? A Beginner’s Guide to DeFi Income

    What Is Asset Tokenization? Types, Why It Matters Now [2025]

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    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

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    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

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    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

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    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

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    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    Enhancing Security in Online Gambling with Blockchain Technology

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

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    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

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    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

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    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

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    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

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    Experience to Earn: Everdome’s Metaverse Frontier

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    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

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    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

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    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

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    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

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    Carrieverse and Disney Ink Content Deal

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    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

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    Somnia Launches Playground App to Empower Metaverse Creators

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    NFT sales reach $125m, Ethereum dethrones Polygon

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    Terminus Teams Up with Enterise to Revolutionize Web3 Film Payments

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    OpenSea Dominates With 7.09k Sales as Azuki and Guild of Guardians Power NFT Market Momentum

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    Alchemy Pay and Xterio Partner to Enable NFT Purchases with Fiat and Cards

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    Fan3 Brings Real Fans Back to the Front Row with Avalanche-Powered Platform

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    Courtyard Tops Sales, CryptoPunks Dominate High-Value Trades

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    NFT sales plunge 18% to $116.9m, Polygon beats Ethereum

    Matt Furie NFTs Crater 97% After Mint Exploit

    Matt Furie NFTs Crater 97% After Mint Exploit

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    Should You Play This NFT Soccer Game?

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    Floki Forges Partnership with Method to Bring Valhalla to MMO Community

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    Broken Bound Joins Forces with Adventure Layer to Reshape AI-Powered Onchain Gaming

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    GaFin And Decimated Collaborate to Start New Era of Web3 Gaming

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    NeoDashboard introduces strategy card game “War on Bugs”

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    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

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    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

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    What Does FUD Mean in Crypto? The Fear, Uncertainty, and Doubt Effect

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    What Is Crypto Staking? How to Earn Crypto by Holding It

    What Are Liquidity Pools? A Guide to DeFi Explained Simply

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    What Is Yield Farming in Crypto? A Beginner’s Guide to DeFi Income

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  • Analysis
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    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

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Home DeFi

Ex-Israeli military alums raise $33 million for web3 security startup Blockaid

October 23, 2023
in DeFi
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Ex-Israeli military alums raise $33 million for web3 security startup Blockaid
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Blockaid, a Web3 security startup co-founded by two former Israeli military cyber intelligence personnel, has emerged from stealth with $33 million in funding.

The funding came in two rounds – $6 million seed funding and $27 million Series A – Ido Ben-Natan, co-founder and CEO of Blockaid, told The Block. The seed round investors include Sequoia Capital, Greylock Partners and Cyberstarts, Ben-Natan said. The Series A round saw participation from all three investors, as well as Ribbit Capital and Variant, both of which co-led the round.

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Blockaid was founded in September 2022 by Ben-Natan and his former colleague Raz Niv. Both previously worked in the cybersecurity research and development team in Unit 8200, the Israeli army’s cyber intelligence unit, and in the office of the Prime Minister of Israel.

Blockaid’s seed round closed at the end of 2022 and the Series A closed less than a year after the seed round, Ben-Natan said. He declined to comment on the structure of the round, its valuation and whether any of the investors have joined as Blockaid board members.

The news comes amid an ongoing conflict between Israel and Hamas, a Palestinian militant group. Earlier this month, Hamas launched an unprecedented surprise attack on Israel, causing more than 1,000 Israeli casualties.

What is Blockaid?

Blockaid offers web3 security tools to help prevent crypto fraud, phishing and hacks. Blockaid said it is the only platform that can examine off-chain signatures (EIP-712s) as effectively as on-chain transactions, setting itself apart from competitors such as CertiK and Cyvers.

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“We simulate and validate blockchain transactions before they are executed,” says Ben-Natan. “Our dApp [decentralized application] Scanning Engine fully simulates all possible user interactions on every dApp. This is done through our dApp Scanning Sandbox, which validates whether the interactions – and the dApp itself – are malicious,” he added.

Blockaid has scanned more than 450 million transactions to date, preventing more than 1.3 million attacks, protecting more than $7.1 billion in assets and averting losses of more than $500 million, Ben-Natan said.

In a recent example, Blockaid said it successfully stopped a phishing attack via Ethereum co-founder Vitalik Buterin’s X account, protecting users’ wallets where the service was active. However, unsecured wallets containing a total of around $700,000 in assets, including valuable NFTs, fell victim to the attack, it added.

Blockaid’s customers include MetaMask, OpenSea, Zerion Wallet and Rainbow Wallet. Now that new financing is available, the company wants to attract more customers. “Even in these market conditions, we have seen tremendous demand from new customers,” said Ben-Natan. “This round of funding will allow us to continue supporting our existing customers while meeting the long list of new customers waiting for Blockaid to be integrated.”

Blockaid operates out of New York and Tel Aviv and currently has a workforce of about 25 people, Ben-Natan said, adding that the company is looking to hire more people for various positions.

Tags: alumsBlockaidExIsraelimilitarymillionraiseSecurityStartupWeb3

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