PPhylax Systems provides a web3 security framework called the Credible Layer that sits at the blockchain base layer, enabling dApp developers to express verifiable, on-chain security rules. It works by embedding security enforcement into the chain: developers use the Phylax Standard Library to integrate rules, and block builders can remove malicious transactions before execution, preventing hacks. It differentiates itself by applying preventive, on-chain security through a standards-based library and base-layer integration, rather than reacting to threats after the fact. Its goal is to reduce crypto security issues and foster ecosystem growth by making robust, verifiable security accessible to more projects.
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Industries
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
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
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
We update Phylax Systems's jobs every few hours, so check again soon!Browse all jobs