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Security Audit Firm Raises $5.3M From Funds Investing in Polkadot, Cardano Blockchains

Runtime Verification checks smart contracts for errors, perhaps most famously with Uniswap.

Updated Sep 14, 2021, 1:13 p.m. Published Jun 18, 2021, 12:00 p.m.
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Blockchain security auditor Runtime Verification has raised $5.3 million from a handful of prominent backers.

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  • Led by IOSG Ventures, the funding round included investment from Polkadot-focused Hypersphere Ventures, Cardano's cFund, the Tezos Foundation, Elrond Research and Algorand accelerator Borderless Capital.
  • "The fact that five blockchains joined our investment round through their funds, based on research from their development teams who witnessed our technology, is a testament to the universality and strength of our technology," founder Grigore Rosu said in a statement.
  • Runtime Verification, founded in 2010, conducts security audits on virtual machines and smart contracts using mathematical verification.
  • The startup has worked with a number of firms in blockchain and beyond and earned several mentions in founder Hayden Adams' "history of Uniswap" post from 2019.
  • The Illinois-based firm said it recently created a new business entity in Singapore.

Read more: Borderless to Launch $25M Miami Blockchain Fund With Algorand, Circle

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