Code auditor for smart contracts and blockchain programming In reaction to shifting market realities, CertiK has downsized its personnel. Less than 15% of the staff at the company, according to co-founder and CEO Ronghui Gu, were impacted by the strategic personnel adjustment. Realigning the team structure with CertiK’s long-term strategic ambitions is the main objective of the change. The business is still dedicated to its goals and sees these adjustments as essential milestones in that direction.
This choice was made as a result of a number of personnel reductions across the blockchain sector and the fact that the prices of ether (ETH) and bitcoin (BTC) are still substantially below their all-time highs. Chia Network, Chainalysis, Yield Protocol, Blocknative, Ledger, and Yuga Labs have all declared layoffs in recent weeks. Shortly after announcing a $88 million round headed by Insight Partners at a $2 billion valuation, CertiK raised a $60 million investment round last year with the support of SoftBank Vision Fund and Tiger Global.
The New York City-based company CertiK offers a variety of end-to-end security solutions and bills itself as a one-stop shop for customers. Code auditing, threat monitoring, and asset tracing are among its services. Gu, a professor of computer science at Columbia University, and Zhong Shao, a professor of computer science at Yale University, developed the security service in 2018.