GoPlus Security Raises $4M in Series II+ Funding to Bolster Web3 Cybersecurity

In a significant move to fortify cybersecurity in the Web3 space, GoPlus Security has recently concluded its Series II+ private funding round, amassing a notable $4 million in investments from prominent Venture Capitalists. The infusion of capital underscores the growing urgency to enhance user safety within the burgeoning Web3 ecosystem, aiming to render the industry more accessible and secure for both novices and seasoned participants alike.

Founded with initial backing from Binance Labs in 2022, GoPlus has attracted follow-on funding to expand its arsenal of defensive tools tailored for Web3 users. The company has developed a suite of solutions geared towards mitigating the prevalent threats encountered during on-chain transactions. Notable contributors to the Series II+ funding include Binance Labs, SevenX Ventures, Redpoint China Ventures, Avalanche, and Crypto.com, indicating widespread confidence in GoPlus’ vision and capabilities.

Addressing Web3 Security Challenges

The imperative to instill trust in Web3 technology has long been acknowledged as pivotal for achieving mass adoption. However, the irreversible nature of blockchain transactions, coupled with the omnipresent risks posed by hackers and exploiters, has rendered the industry a hazardous terrain for newcomers and veterans alike. Recognizing this challenge, GoPlus Security endeavors to fortify the entire tech stack through advanced tooling, bolstering security measures while prioritizing user-friendly interfaces to minimize the likelihood of errors.

Utilizing AI-driven security monitoring, GoPlus enables real-time threat detection across various facets of Web3 transactions, encompassing tokens, NFTs, and smart contracts. By proactively mitigating risks, the firm aims not only to safeguard consumers but also to instill confidence among institutional players eyeing entry into the Web3 space.

Security Solutions as a Service

Central to GoPlus’ offerings is a range of Security-as-a-Service products, including Risk as a Service, which is accessible on layer2 networks such as zkSync, Manta, and Scroll. With support for over 20 blockchain networks and plans to expand further, GoPlus seeks to provide comprehensive security solutions tailored to the evolving needs of Web3 participants.

Among its upcoming releases is SecWareX, a customizable on-chain security solution poised to augment the company’s existing suite of consumer-facing products. Powered by the GoPlus token, these offerings enable users to unlock access to premium security features, further enhancing the resilience of Web3 transactions.

Impressive Growth Trajectory

Investors have been notably impressed by GoPlus Security’s exponential growth over the past year, characterized by robust product-market fit and burgeoning demand for its services. The company’s security data infrastructure has surged by a staggering 5,000x during this period, facilitating a daily average of 21 million API calls. With funding secured for further development, GoPlus is steadfast in its mission to expand market share and solidify its position as the premier cybersecurity provider for the Web3 ecosystem.

As the Web3 landscape continues to evolve, the imperative for robust cybersecurity measures has never been more pronounced. With GoPlus Security leading the charge, users can navigate the Web3 terrain with greater confidence, ushering in a new era of trust and accessibility in decentralized technologies.