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Blockaid Emerges From Stealth With $33 Million in Funding

Blockaid’s October 2023 stealth exit came with $33 million in combined seed and Series A funding. The reported split was $6 million and $27 million, with five named investors.
From TheFinanceBase Team3 min to read
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Blockaid announced its emergence from stealth on October 5, 2023, with $33 million in combined seed and Series A funding. The Block later reported that the total comprised a $6 million seed round and a $27 million Series A. The financing backed a web3 security company whose software was designed to assess decentralized apps and blockchain transactions before users interacted with them.

What is Blockaid?

Blockaid is a web3 security company that develops tools to identify threats involving decentralized applications (dApps) and blockchain transactions. In its October 2023 launch announcement, the company said its tools scan, simulate, and validate dApps and transactions to help protect users from fraud, phishing, and hacks before activity occurs. CEO Ido Ben-Natan described the approach to The Block as simulating and validating blockchain transactions before they are executed.

At launch, Blockaid said integrations with MetaMask, OpenSea, Rainbow, and Zerion gave it broad visibility into transactions. That customer and integration description was the company’s statement in October 2023, not an independent assessment of market coverage.

How was the $33 million investment split?

The $33 million was the combined amount for Blockaid’s seed and Series A rounds announced at its October 2023 stealth exit. The Block reported the following breakdown on October 23, 2023:

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Round Amount Investor details reported
Seed $6 million Sequoia, Greylock, and Cyberstarts participated.
Series A $27 million Ribbit and Variant co-led the round; Sequoia, Greylock, and Cyberstarts also participated.

Blockaid’s October 5 announcement named Ribbit, Variant, Cyberstarts, Sequoia, and Greylock as investors. The Block’s later report specified which firms participated in each round, but the reviewed sources did not disclose individual investor contributions.

What does Blockaid do to secure crypto transactions?

Blockaid’s launch-era proposition was to simulate what might happen when a user interacts with a dApp or submits a blockchain transaction, then flag activity that appears malicious before execution. The Block reported that the company’s dApp Scanning Engine simulated possible user interactions and that a sandbox checked whether the interaction or dApp was malicious. This is a preventive security layer; the cited descriptions do not establish that it can detect every threat or reverse a transaction after it is sent.

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Blockaid’s current About page, accessed October 4, 2026, describes a broader set of services: smart contract monitoring, transaction simulation, dApp scanning, token security tools, and onchain and offchain threat hunting. Those current capabilities should not be assumed to describe the entire product at its October 2023 launch.

How did Blockaid’s MetaMask integration work?

On October 31, 2023, Consensys announced that MetaMask and Blockaid were launching security alerts in the MetaMask extension. The announcement described a privacy-preserving simulation module intended to avoid sending every transaction and signature request to external parties.

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The rollout details in that announcement were plans made at the time: opt-in availability on desktop began October 31, mobile availability was anticipated later in November, and default enablement was planned for Q1 2024. These dated plans do not establish current MetaMask settings or availability.

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What impact did Blockaid report?

Blockaid’s October 5, 2023 announcement said that over the preceding six months it had scanned more than 450 million transactions, prevented 1.2 million malicious transactions, and secured more than $500 million in user funds that could have been compromised. Separately, The Block attributed other cumulative figures to Ben-Natan in October 2023: over 450 million transactions scanned, more than 1.3 million attacks prevented, over $7.1 billion in assets protected, and over $500 million in losses averted. These sets of figures use different labels and scopes and should not be merged into a single measurement.

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In its February 18, 2025 Series B announcement, Blockaid reported that since coming out of stealth it had secured over $101 billion in assets, prevented more than $5.3 billion in potential losses, scanned over 2.4 billion transactions, protected over 787 million dApp connections, and detected and blocked more than 71 million attacks. Its homepage, accessed October 4, 2026, displayed 5.9 billion transactions scanned, $312 billion in assets secured, 527 million attacks prevented, and $13.1 billion in theft prevented. These are company-reported operational metrics; the cited sources do not identify them as independently audited measurements.

How much has Blockaid raised since its stealth exit?

The $33 million figure refers only to the combined seed and Series A financing announced in October 2023; it is not Blockaid’s current lifetime funding total. The company announced a separate $50 million Series B in February 2025, led by Ribbit Capital with participation from GV and existing investors including Variant and Cyberstarts. On its About page accessed October 4, 2026, Blockaid reported $83 million raised overall.

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Who founded Blockaid?

The Block reported that Ido Ben-Natan and Raz Niv founded Blockaid in September 2022. It said both had worked in cybersecurity research and development at Israel’s Unit 8200 and the Office of the Prime Minister. Blockaid’s own description characterizes the founders as former Israeli cyber intelligence operatives.

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