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Friday, February 3, 2023

Immunefi Claims Big

An automated cybersecurity firm that recently closed a seed funding round of $5.5 million has facilitated over $66 million in rewards to whitehat hackers since its launch, per an April 22 press release shared with Cointelegraph. Immunefi.io — launched by the co-founder of Bugcrowd, a community of over 200,000 security researchers — was founded to help companies scale up their bug bounty programs, according to the announcement. The platform also offers advanced technical services such as facilitating cryptocurrency-based payouts and offering support services for companies seeking to participate in so-called “bug bounty” programs.

An automated cybersecurity firm that recently closed a seed funding round of $5.5 million has facilitated over $66 million in rewards to whitehat hackers since its launch, per an April 22 press release shared with Cointelegraph.

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Immunefi is a cybersecurity firm based in Switzerland and founded by former members of the United Nations Joint Staff Pension Fund (UNJSPF), which held $26 billion in assets as of 2018. Immunefi uses artificial intelligence (AI) technology to detect potential vulnerabilities within blockchain infrastructures before they can be exploited by malicious actors. The company also conducts bug bounty programs for other companies seeking to build secure blockchains or open source protocols.

Immunefi is a cybersecurity firm based in Switzerland and founded by former members of the United Nations Joint Staff Pension Fund (UNJSPF), which held $26 billion in assets as of 2018. Immunefi uses artificial intelligence (AI) technology to detect potential vulnerabilities within blockchain infrastructures before they can be exploited by malicious actors. The company also conducts bug bounty programs for other companies seeking to build secure blockchains or open source protocols.

Immunefi has facilitated over $66 million in rewards to whitehat hackers since its launch last year, according to the company’s website – including more than $20 million since January 2019 alone! This number includes bounties paid out during private rounds before public launch as well as new contributions made through the company’s open-source platform called Open Immune Framework (OIF). OIF aims to provide transparency into how funds are collected via various bug bounties while also offering better protection against fraud attempts by outside parties.”

Immunefi Reflects On Operations

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Immunefi.io — launched by the co-founder of Bugcrowd, a community of over 200,000 security researchers — was founded to help companies scale up their bug bounty programs.

Immunefi combines the power of crowdsourced testing with dynamic task management and reporting in order to help you grow your program more efficiently and effectively than ever before. We provide white hat hackers the guidance they need to identify issues quickly while saving you time on manual review processes. This means less bugs slip through the cracks while providing more value to your business overall.

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