BlockSec, a NYC-based blockchain security startup, closed an $8M Seed Plus funding round.
The round was co-led by Vitalbridge Capital and Matrix Partners, with participation from investors Mirana Ventures (Venture Partner of Bybit), CoinSummer, and YM Capital.
The company intends to use the funds to expand its research and production team and provide the on-chain monitoring and attack interception capability to more decentralized applications.
Founded in 2021, BlockSec provides a blockchain security platform that enhances the security of decentralized applications, detects high-impact blockchain vulnerabilities, and blocks sophisticated security attacks. The company has developed a real-time on-chain monitoring system to block ongoing attacks and rescued more than 5 million assets, including 3.8 million for the stablecoin DEX Saddle Finance. Since last year, the system has provided security audit services to more than one hundred clients, in both Solidity and Rust ecosystems.
Also, the flash loan monitoring system and the transaction visualization system are two public tools widely used by the blockchain security community.
FinSMEs
11/07/2022