Blockaid Company Report

Company Overview

• Name: Blockaid

• Mission: To scale Web3 by drastically improving security and building trust with users.

• Founded By: Co-founded by Ido Ben-Natan and Raz Niv, former members of Israeli Cyber Intelligence.

• Founded: 2022

• Key People:

• Ido Ben-Natan, Co-founder and CEO

• Raz Niv, Co-founder and CTO

• Headquarters:

• New York, USA

• Tel Aviv, Israel

• Number of Employees: 11-50 employees

• Revenue: No information is available

• Known For: Providing onchain security to protect web3 users from fraud, phishing, and hacks.

Products

Blockaid offers a comprehensive suite of security solutions designed to protect onchain and offchain user interactions and assets. Here is a breakdown of their offerings:

Onchain Threat Protection

• Description: Detects and responds to real-time threats across smart contracts, wallets, and transactions.

• Key Features:

• Monitors web3 assets for vulnerabilities and threats with automated workflows.

Transaction Security

• Description: Provides simulation and validation of transactions in real-time.

• Key Features:

• Real-time transaction previews and protective measures against unauthorized transfers.

dApp Scanning

• Description: Detects malicious decentralized apps before user interaction.

• Key Features:

• Identifies and blocks malicious dApps with proactive sandbox analysis.

Address Validation

• Description: Validates addresses to identify potential threats and malicious entities.

• Key Features:

• Provides real-time analysis to protect against address poisoning and unauthorized interactions.

Token Validation

• Description: Neutralizes token-related scams by identifying and blocking malicious tokens.

• Key Features:

• Real-time alerts for spam and scam tokens.

Wallet Security

• Description: Guards against wallet fraud and phishing.

• Key Features:

• Provides malicious dApp scanning and transaction validation services.

Token Interface Security

• Description: Offers mechanisms to identify and block various token-related malicious activities.

• Key Features:

• Real-time filtering of scam tokens like rugpulls, honeypots, and more.

Exchange Security

• Description: Protects exchanges from fund-draining schemes.

• Key Features:

• Utilizes a robust security framework combining onchain and offchain signals for threat intelligence.

Recent Developments

• New Products:

• AI-native onchain security tools for autonomous agents (January 3, 2025).

• New Features:

• Launch of Uniswap Labs’ Token Warning feature to alert users about malicious tokens (December 19, 2024).

• Partnerships:

• Integration with Coinbase Wallet enhancing user security and saving over $75M in user funds.

• Collaboration with Alchemy Rollups and World App for enhanced security features.

• Strategic partnership with io.finnet for DeFi security enhancement.

• Partnership with Immutable Passport and Stellar for ecosystem-wide security.

• Funding:

• Raised $33M in Series A round in November 2023 to support expansion and developmental goals.

No further financial figures are available.