Overview

Quantstamp provides security audits specifically for smart contracts in the blockchain and cryptocurrency market. Their audits involve a detailed examination of smart contracts, which are self-executing agreements written in code, to identify and resolve any vulnerabilities. The company utilizes a decentralized network of security nodes that contribute computing power for these audits, allowing for quick and cost-effective security scans. This network not only enhances the reliability of their services but also provides a revenue stream through mining fees for node operators. With over 600 audits completed, Quantstamp has secured more than $200 billion in digital assets for a diverse clientele, including blockchain projects, gaming companies, NFT platforms, and DeFi protocols. Their goal is to ensure the security and integrity of smart contracts, making them a trusted partner in the blockchain space.

Simplify's Take

What believers are saying

• Growing DeFi platforms increase demand for smart contract audits by Quantstamp.
• Cross-chain communication tools present opportunities for expanding Quantstamp's audit services.
• Decentralized AI platforms could lead to new partnerships for Quantstamp.

What critics are saying

• Increased competition from firms like Hypernative challenges Quantstamp's market position.
• Decentralized exchanges may shift focus from traditional to decentralized security solutions.
• Modular blockchain networks introduce new security challenges for Quantstamp to address.

What makes Quantstamp unique

• Quantstamp specializes in security audits for smart contracts in blockchain projects.
• The company uses a decentralized network of security nodes for efficient security scans.
• Quantstamp has secured over $200 billion in digital assets across 15 countries.

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Funding

Total Funding

$116.7k

Below

Industry Average

Funded Over

1 Rounds

Notable Investors:

Y Combinator

Notable Investors:

Y Combinator

$120,000

Seed

Jan 2018

Seed funding is usually the first official round after pre-seed, when a startup has a prototype or concept. It’s typically used to develop the product, test the market, and start building the team. Investors here are often angel investors or early-stage venture capitalists.

Seed Funding Comparison

Below Average

Industry standards

Ind Avg. $3.3M

$120k

$500k

$1.5M

$2M

$2.3M

$3M