Bitcoin
$66,440.48+0.64%
Ethereum
$3,274.71+2.85%
Binance Coin
$610.64+0.73%
Solana
$158.84+2.70%
XRP
$0.54273788-0.13%
Dogecoin
$0.16184098+2.29%
Toncoin
$5.75+1.68%
Cardano
$0.49704654-3.02%
Shiba Inu
$0.00002718+2.88%
Avalanche
$38.89+1.71%
Wrapped Bitcoin
$66,550.32+0.60%
Polkadot
$7.38-0.04%
PlayIconNav
Crypto Prices CoinDesk 20 Index CoinDesk 20 Index
Countdown to Consensus 2024The largest and longest running event that covers all sides of Crypto and Web 3
34
DAYS
23
HR
06
MIN
23
SEC
Markets

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.

By Jamie Crawley
AccessTimeIconJun 18, 2021 at 12:00 p.m. UTC
Updated Sep 14, 2021 at 1:13 p.m. UTC
dollar-1362244_1920
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Blockchain security auditor Runtime Verification has raised $5.3 million from a handful of prominent backers.

  • 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.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.