Share this article
South Korean Smart Contract Auditing Platform Sooho.io Raises $4.5M
The startup works with Samsung and LG.
Updated May 11, 2023, 5:43 p.m. Published Apr 14, 2022, 2:00 p.m.
Sooho.io, a South Korean firm that scans crypto contracts for fatal flaws, raised $4.5 million in a Series A funding round to expand its existing product suite.
- The startup provides auditing to the IT arms of some of South Korea's top technology firms, including Samsung SDS, SK Inc. C&C and LG CNS, through its proprietary software Odin, according to a press release shared with CoinDesk.
- "Through these partnerships, we are committed to building an impregnable environment for Korea's DeFi ecosystem," said Jisu Park, CEO and founder of Sooho.io.
- Sooho.io has also built a protocol to aggregate leveraged yield farming products, aiming to centralize the "the fragmented landscape" of South Korean protocols, according to the press release. Dubbed Kleva, the protocol counts $500 million in total value locked.
- The funding round was led by WeMade Tree, which runs a blockchain-based gaming platform and is a subsidiary of South Korean video game developer WeMade Entertainment, known for its multiplayer online role-playing game The Legend of Mir.
- Simultaneously, Sooho.io announced a partnership with Lambda256, a subsidiary of South Korea's top cryptocurrency exchange by volume, Upbit. Lambda256 – which offers blockchain-as-a-service products – will use Sooho.io's Kleva and smart contract expertise to launch a decentralized finance (DeFi) ecosystem, according to the press release.
Read more: S. Korea’s SK Square to Spend $1.6B on Semiconductors, Blockchain
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
USDC Issuer Circle Secures Abu Dhabi's ADGM License in Middle East Expansion
The license allows Circle to expand USDC payment and settlement tools across the United Arab Emirates.
What to know:
- Circle has obtained a Financial Services Permission license from Abu Dhabi Global Market, allowing it to operate as a Money Services Provider in the UAE.
- The stablecoin issuer has appointed Dr. Saeeda Jaffar, former manager at payments firm Visa.
- The approval comes as part of the UAE's emergence as a global hub for regulated digital assets, following similar licenses granted to Binance.
Top Stories
