Bitgo

Basics

Founded in 2013
Owned by Galaxy Digital.
Bitcoin / Blockchain Security, Platform API & Hot Wallet service
Based in Palo Alto, BitGo launched the first ever multi-signature Bitcoin wallet in 2013
SegWit ready
Is releasing an ERC20 stablecoin that is pegged to the value of Bitcoin, Wrapped Bitcoin (WBTC); the Ethereum based coin will be backed by 1WBTC:1BTC peg; every Bitcoin will be accounted for on a dashboard displaying addresses and balances, and users will be able to verify each Bitcoin held in custody on the blockchain via Etherscan. UPDATE is live as of 5-2-2019
Has announced it is teaming up with Genesis to launch a trading platform for their institutional investors; BitGo has a distinct feature over other exchanges as BitGo users will not have to transfer cryptocurrency to exchanges before trading; Genesis has established its on wallet on BitGo, allowing for seamless transfer of cryptocurrency and fiat between the two companies
Bitgo added support for cTokens; now, users can earn interest from the Compound protocol while their balance is stored at one of world’s most trusted custodians.
BitGo says it’s now (12-11-2019) processing 20% of Bitcoin transactions.
Has acquired (18-2-2020) Harbor; "a security token platform best known for a failed bid to offer tokenized shares of a South Carolina apartment building."
Also does lending; according to CoinDesk (5-3-2020):

"BitGo started testing the new service a few months ago to big investors and has already racked up about $150 million in open loans. BitGo is currently lending bitcoin (BTC), ether (ETH), litecoin (LTC) and stablecoins."

From the CoinDesk 50:

"“BitGo’s vision is a world where digital assets drive the global economy,” CEO Mike Belshe told CoinDesk. The firm provides custody and liquidity solutions for a number of institutional companies. This past year the firm has expanded both globally as well as in mission through its acquisitions of Lumina, Hedge and Harbor, through which the firm has earned the title of crypto’s first “full stack” service provider, enabling it to recreate all parts of the traditional financial system."

Audits & Exploits

Bug bounty program can be found [insert here].

Bugs/Exploits

From Decrypt (17-3-2023):

"The cryptography research team at Fireblocks released the details of a vulnerability in BitGo’s Ethereum wallets. The vulnerability first came to light in early December, just over a month after the service was made public. According to Fireblocks, the vulnerability could have enabled an attacker to extract a full private key using a single signature and a few seconds of computation, bypassing all of BitGo's security features. In a statement provided to Decrypt, BitGo accused Fireblocks of "turning a known gap into a publicity stunt," adding that, "This is not how coordinated disclosures are supposed to work."

Team, investors, partners

Team

Belshe, Mike; CE & Founder
Davenport, Ben; co-founder & CTO
Pierce, Brock
Arik Sosman; alum
Gavin McDermott; former engineer
Ben Chan; former CTO, now (16-10-2020) works at Chainlink.
Ankr claims (11-11-2020) that some of its team members come from here (among other big companies)

Funding

Silbert, Barry; through Digital Currency Group
Blockchain Capital, investor
BitFury Capital, investor
DCG, invested
Combined, Goldman Sachs and Novogratz’s Galaxy Digital Ventures contributed about $15 million to BitGo’s Series B fundraising, which brought in a total of $57.5 million. Update: got bought by Galaxy (5-5-2021).
BitGo has gathered a total of about $70 million in fundraising rounds. The company says it provides services for more than 75 coins and tokens, and that it holds more than $2 billion in assets.
Got mentioned as one of the creditors of FTX (26-1-2023).
From Decrypt (23-4-2021):

"BitGo has won a $4.5 million contract with the US Marshals Service to help manage seized Bitcoin."

Partnerships

Partners with REN (REN) and Kyber to begin the WBTC initiative (31-1-2019)
Partner with Civic
Is a sponsor of Coin Center
As of 7-2019 on the partner & clients list of ZeppelinOS.
Will help Civic launch their wallet in the fall of 2019
Partners with Securitize
Partner with Nexo (who is also partners with Securitize)
Partner of Swipe, according to it's website (10-4-2020)
Bitstamp outsourced custody to BitGo