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Phylax Systems provides a web3 security framework called the Credible Layer that sits at the blockchain’s base layer to enforce on-chain security for dApps. It offers verifiable security rules and allows block builders to pre-screen and remove malicious transactions before they are executed, preventing hacks. The company supplies the Phylax Standard Library of contracts and libraries to help developers integrate with its system and Foundry. By focusing on base-layer, preventive security and a standards-based library, it aims to make robust security accessible to more crypto projects and foster safer ecosystem growth.
Industries
Enterprise Software
Cybersecurity
Crypto & Web3
Company Size
1-10
Company Stage
Seed
Total Funding
$4.5M
Headquarters
New York City, New York
Founded
2024
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Total Funding
$4.5M
Above
Industry Average
Funded Over
1 Rounds
Industry standards
Health Insurance
Unlimited Paid Time Off
Conference Attendance Budget
Remote Work Options
Phylax Systems, a protocol for for crypto transactions that embeds a credible security layer into base layers, has raised $4.5M in funding according to a recent SEC filing.
The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 10/22/2024 featuring funding details for Awarded Software, Phylax Systems, and much more. This page will be updated throughout the day to reflect any new fundings.
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Industries
Enterprise Software
Cybersecurity
Crypto & Web3
Company Size
1-10
Company Stage
Seed
Total Funding
$4.5M
Headquarters
New York City, New York
Founded
2024
Find jobs on Simplify and start your career today