Blockchain Security Company Salus Security’s Seed Round Led by Binance Labs, Building Security for Web3 Together
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Singapore–(Newsfile Corp. – Sep 20, 2022) – Salus Security announced the completion of its seed funding round, led by Binance Labs. Geekcartel also participated in this round. Salus Security will use the funds raised to expand the team and drive the technological development of the products.
Salus Security is a versatile blockchain security company, offering services such as automated smart contract audits and manual vulnerability detection. The team has experience with both traditional and blockchain security, and aims to make security services accessible to everyone.
Yi He, co-founder of Binance and head of Binance Labs, said: “At Binance, security has always been a priority, and we are looking for service projects that offer innovative security solutions to solve pain points currently facing the blockchain ecosystem. The technological the competitiveness of Salus Security will drive the quality of security solutions in the Web3 sector.”
Supported by its machine learning technology, Salus Security is able to verify the business logic of the smart contracts with as little friction and effort as possible. It can also automatically conduct a thorough examination of the smart contracts’ codes and data stores to make blockchain security easier and more efficient. The core products of Salus Security include, but are not limited to:
- Automated smart contract vulnerability detection that supports multi-engine formal verification, symbolic execution, hybrid fuzzing, and more.
- Smart contract audits that help detect security issues such as monitoring Denial of Service (DoS) attacks, functionality duplication, rounding errors, and more.
- Customized security services that include on-demand consulting, comprehensive penetration testing and on-chain asset tracking.
Mirror T., co-founder of Salus Security, said: “We aim to help our users eliminate their concerns about blockchain security threats and provide them with a variety of services to protect their data privacy and crypto assets. We are constantly innovating and seeing it as our mission to establish new standards for the blockchain security industry.”
“Although Web3 is becoming a more decentralized and independent web, this emerging sector still faces notable blockchain security challenges. Salus Security has taken a step towards solving these problems by leveraging their expertise in blockchain technology and machine learning. We is excited about this partnership and looks forward to working with the Salus Security team to bring more blockchain security solutions to users and provide more railings for the Web3 industry,” commented Danny F., Binance Labs Chief Investment Officer.
For more information, follow Salus Security on Twitter
Salus Security
https://salusec.io/
Binance Labs
https://labs.binance.com/
Geekcartel
https://www.geekcartel.org/
Consult:
Grace Chen
[email protected]
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