How much funding did Mamori.xyz secure for Web3 security?

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Mamori.xyz Secures US$5 Million in Seed Funding for Web3 Security Advancements

Mamori.xyz has successfully secured US$5 million in seed funding to enhance its automated blockchain value extraction system, which aims to improve Web3 security and optimization. This funding round was led by Blockchain Capital, with additional investment from Velocity.Capital and Web3.com, alongside participation from several notable angel investors.
Leading Investors and Notable Participants

The seed funding round for Mamori.xyz was spearheaded by Blockchain Capital, a prominent venture capital firm. Velocity.Capital and Web3.com also participated, signaling strong industry confidence in Mamori.xyz's mission. The round was further bolstered by investments from a group of notable angel investors, including Grigore Rosu, Daniel Lubarov, Alex Watts, Bo Du, Shujia Liang, Micheal Heinrich, Richard Adjei, and Antonio Viggiano.
Addressing Web3 Security Challenges

Mamori.xyz's technology is designed to tackle significant issues within the Web3 space, where cyber-attacks led to over US$2.4 billion in losses in 2023 alone. The company's ML-enabled pathfinder system aims to go beyond traditional auditing tools, which are often insufficient for the rapidly evolving nature of blockchain technology. By leveraging machine learning, Mamori.xyz seeks to identify and safeguard against "unknown unknowns"—vulnerabilities that are not anticipated by existing security measures.
Enhancing Smart Contract Security and Efficiency

The newly secured capital will enable Mamori.xyz to further develop its algorithms, which are intended to provide a comprehensive solution for both security and efficiency in blockchain ecosystems. The system combines smart contract auditing with value extraction capabilities, adapting to identify vulnerabilities and optimize transactions without prior knowledge of exploit methodologies. This proactive approach aims to redefine Web3 security by moving beyond reactive measures to interdisciplinary technologies that mitigate threats and maximize blockchain efficiency.

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How much funding did Mamori.xyz secure for Web3 security?

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