Leading Web3 Bug Bounty Platform Immunefi Raises $24M Series A led by Framework Ventures
Summary
Singapore, Singapore, Sept. 22, 2022 (GLOBE NEWSWIRE) -- Immunefi, the leading bug bounty and security services platform for web3, protecting over $60 billion in users funds, has announced it has raised a $24 million Series A funding round led by Framework Ventures, a venture capital firm known for its early entry into decentralized finance (DeFi) and blockchain gaming (GameFi). Projects across crypto are rapidly realizing that its better to use Immunefi than end up publicly begging hackers to return funds or pay ransom. Were using this raise to scale our team to meet this massive demand.Since its inception in December 2020, Immunefi has saved over $25 billion in users funds and has paid out $60 million in total bounties. The platform now supports 300 projects across multiple crypto sectors, and collectively offers $135 million in bounties to whitehat hackers. Immunefi guards over $60 billion in users funds across projects like Synthetix, Chainlink, SushiSwap, PancakeSwap, Bancor, MakerDAO, Compound, Alchemix, Nexus Mutual, and others.