CertiK Targets IPO With $2 Billion Valuation In Web3 Cybersecurity Push

TLDR

• CertiK was last valued at $2 billion during a 2022 Series B3 funding round.
• Binance is CertiK’s largest financial backer and early investor.
• CertiK has audited code securing $600 billion in digital assets.
• The firm works with over 5,000 blockchain and web3 clients globally.

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CertiK, a blockchain security firm backed by major investors like Binance and Coinbase, is aiming to go public with a $2 billion valuation. Co-founder Ronghui Gu announced the company’s IPO ambitions at Davos 2026, stating its goal to become the first public web3 cybersecurity firm. With over 5,000 clients and $600 billion in audited assets, CertiK is positioning itself as a key player in blockchain infrastructure.

IPO Aspirations Shared at Davos

CertiK co-founder Ronghui Gu revealed this week that the company is actively working towards an initial public offering (IPO). While a concrete timeline has not yet been established, Gu confirmed the company’s ambition during an interview with Acumen Media in Davos, Switzerland.

“We still do not have a very concrete IPO plan. But this is definitely the goal we are pursuing,” said Gu. He also serves as a computer science professor at Columbia University. The company aims to become the first public web3 cybersecurity firm.

CertiK’s plans come as market participants show growing interest in web3-native companies, especially those in infrastructure and security. The firm was valued at $2 billion in 2022 during its Series B3 round, which raised $88 million and was co-led by Insight Partners, Tiger Global, and Advent International.

Strong Support from Industry Leaders

CertiK has received backing from several major players in the crypto and tech sectors. Binance was the company’s first and remains its largest financial supporter. Other investors include Coinbase and Softbank.

Recently, Binance founder Changpeng Zhao’s family office, YZi Labs, entered a strategic partnership with CertiK. Additionally, Binance made a fresh eight-figure investment into the firm earlier this month, further strengthening ties between the two organizations.

The company’s growing network of partnerships positions it well for public market entry, especially as demand rises for trustworthy infrastructure in decentralized systems.

CertiK’s Role in Blockchain Security

Founded in 2018, CertiK is based in New York and specializes in auditing smart contracts and blockchain-based applications. Its security services are widely used in the web3 space, with the company claiming to have worked with over 5,000 clients to date.

CertiK reports that it has audited code securing approximately $600 billion in assets. Its work spans across various decentralized applications, blockchains, and exchanges, making it one of the most active security firms in the space.

The company’s services are crucial for preventing vulnerabilities and protecting assets in decentralized systems, which have been frequent targets for exploits and attacks.

Past Controversies and Ongoing Challenges

Despite its strong track record, CertiK has faced scrutiny in some cases. Most recently, the firm was criticized for auditing the code of Huione Guarantee, a Cambodian marketplace allegedly linked to human trafficking. The firm has not made a public statement addressing this issue in detail.

This controversy may affect CertiK’s public image as it prepares for a potential IPO. However, the firm continues to focus on expanding its services and reinforcing its position in the cybersecurity landscape of web3.

CertiK remains a major player in the blockchain security industry, with ambitions to set new standards by becoming the first publicly traded firm in its category.

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