Share this article
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.
Make us preferred on Google
Blockchain security auditor Runtime Verification has raised $5.3 million from a handful of prominent backers.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- 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
More For You
More For You
Ledn raises $188m with first bitcoin backed bond sale in asset backed market
Crypto lender packages more than 5,400 bitcoin collateralized loans into first asset backed securities transaction of its kind.
What to know:
- Ledn sold $188m of bonds backed by 5,400 bitcoin collateralized consumer loans, with an investment grade tranche priced at +335 basis points.
- Automated liquidation of bitcoin collateral helped shield asset backed security investors even as the token fell.
Top Stories
