Spearbit Raises $7M in Funding
Summary
The round was led by Framework Ventures, with participation from Nascent, 1kx, Volt Capital, Breed VC, and Robot Ventures. The company intends to use the funds to launch Cantina, an open marketplace for crypto security researchers and service providers. Through Cantina, companies, projects, and agencies alike will be able to submit requests to a wide and open marketplace, quickly receive quotes from multiple parties, and hire freelance talent directly via a reputation system that allows individuals and groups to stand out on their merit alone. At the same time, talented teams of freelance researchers or competitive agencies will be able to use Cantina to access a much wider pool of jobs and potentially earn a larger cut of contract payouts. At launch, two of Cantina’s first products will be the Cantina Managed Service, a white glove solution where users are matched with a curated team of freelancer security researchers, and Cantina Guilds, which are groups or security firms that will host their services as a “guild” via the platform.