Blockchain Security Company Salus Security's Seed Round Led by Binance Labs, Building Security for Web3 Together
Singapore--(Newsfile Corp. - September 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 its team and drive the technological development of its products.
Salus Security is an all-rounded blockchain security company, providing services such as automated smart contract audits and manual vulnerability detection. The team is experienced in both traditional and blockchain security, and aims to make security services accessible for all.
Yi He, Co-Founder of Binance and Head of Binance Labs, said, "At Binance, security has always been a priority and we're on the continued lookout for service projects that offer innovative security solutions to resolve pain points currently facing the blockchain ecosystem. The technological competitiveness of Salus Security will drive the quality of security solutions in the Web3 sector."
Backed by its machine learning technology, Salus Security is able to verify the smart contracts' business logic with as little friction and effort as possible. It can also automatically conduct a thorough examination of the smart contracts' codes and data repository to make blockchain security simpler 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 denial-of-service (DoS) attack oversight, 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 series of services to protect their data privacy and crypto assets. We are constantly innovating and see it as our mission to establish new standards for the blockchain security industry."
"While Web3 is shaping up to be a more decentralized and independent Web, this emerging sector still faces notable blockchain security challenges. Salus Security has made a step towards resolving these issues by leveraging their expertise in blockchain technology and machine learning. We're excited about this partnership and look forward to working with the Salus Security team to bring more blockchain security solutions to users, and provide more guardrails for the Web3 industry," Danny F., Investment Director at Binance Labs, commented.
For more information, follow Salus Security on Twitter
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/137778