March 08, 2024
GoPlus Security, a cybersecurity provider focused on the Web3 ecosystem, has secured $4 million in a Series II+ private funding round. The investment was made by a consortium of venture capital firms, including Binance Labs, which also participated in a previous funding round in 2022. This funding aims to enhance the security of Web3 users and support the development of GoPlus Security's user-driven security network.
Project | Latest Raise | Latest Raise | Stage | Total Raise | Lead Investor | Category |
|---|---|---|---|---|---|---|
GoPlus Security | Mar 8, 2024 | $4M | Seed | $4M | Binance Labs | Security |
The additional capital will allow GoPlus Security to expand its User Security Network, emphasizing transparency and user empowerment. The company plans to provide users with open-access security data that can be verified and trusted. This initiative is supported by a decentralized data and computing layer, enhancing the overall security infrastructure.
GoPlus Security is launching "SecWareX," an end-user service platform that will collaborate with third-party security service providers such as Harpio, Webacy, Kekkai, Trusta, and Wallet Guard. This platform aims to position GoPlus as a leading provider of user security modules and Services across various blockchain networks.
The company has already integrated an AI module into its tech architecture, facilitating over 10,000 partnerships and handling more than 21 million User Security Data calls daily across 20+ public blockchains. The platform's AI-driven module monitors Web3 security in real-time, detecting risks associated with tokens, NFTs, and malicious activities by evaluating over thirty risk parameters.
GoPlus Security's offerings include a significant increase in its security data infrastructure utilization, with daily API calls exceeding 21 million. The platform supports over 20 blockchain networks and collaborates with Risk as a Service (RaaS) providers like Altlayer and partnerships with Layer 2 solutions such as zkSync, Manta, and Scroll. The introduction of new products like the "Secscan" security engine and Secware Middleware marks a shift towards a more decentralized approach to data and computing security.
About GoPlus Security:
GoPlus Security is a cybersecurity provider focused on building a Web3 User Security Network that prioritizes transparency and user empowerment. The company offers permissionless security data and an end-user service environment to enhance Web3 security standards.
Website: https://gopluslabs.io/
X Account: https://x.com/GoplusSecurity
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About Investor
Investor: Binance Labs
Binance Labs is the venture capital and innovation incubation arm of Binance, the world's leading cryptocurrency exchange. It supports blockchain and cryptocurrency projects that enhance the overall ecosystem.
Location: United States
Website: https://labs.binance.com/en
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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