Shield, a security company focused on protecting users from online scams, has landed $2.1m in a pre-seed investment raise.
Taking part in the raise were Kraken Ventures, Eterna Capital, Alchemy, Moonpay, and a number of leading security investors.
Shield claims its mission is to revolutionise internet security by developing products that encourage growth and innovation while maintaining the highest security standards.
Surveying the crypto security landscape, smart contracts have been the primary focus; however, 1 in 3 crypto attacks aren’t related to contracts and instead are triggered by compromised private keys or front-end spoofing.
Therefore, auditing and monitoring your smart contract alone is not enough. To fill the gap, Shield is developing automated protections against frequently neglected attack vectors.
Shield’s security stack can be integrated on any product via the API and protects 350,000+ users, while having notable clients like Fox Sports, Rarible, and Guild.xyz. The integrations have gained traction and have become a fan favorite: “Shield is one of our most popular integrations on Guild” said a software engineer at Guild.xyz.
With a focus on addressing emerging threats, the company is said it is committed to delivering advanced security solutions for businesses across various industries worldwide.
Certn, an online background checks and identity verification firm, has recently raised $30m in a Series B financing round.
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