APRIL 20, 2023, LOS ANGELES, — Shield, a security firm that works to shield customers from online frauds, has secured USD 2.1 million in pre-seed investment from Kraken Ventures, Eterna Capital, Alchemy, Moonpay, and several other top security investors.
Shield’s goal is to revolutionize internet security by creating products that foster growth and innovation while upholding the highest security standards. Shield was co-founded by Luis Carchi (Princeton University, ex-Facebook), Isaiah Udotong (MIT, Y-Combinator alumni), and Emmanuel Udotong (Princeton University, ex-McKinsey).
Shield supports businesses in implementing thorough security measures that stop crypto attacks and boost user confidence throughout the ecosystem.
Smart contracts have received the majority of attention when examining the cryptographic security environment. However, 1 in 3 crypto attacks isn’t caused by contracts at all but rather by stolen private keys or front-end spoofing. As a result, simply auditing and keeping an eye on your smart contract is insufficient. The shield creates automatic defenses against commonly disregarded attack routes to close the gap.
The security stack from Shield, which protects 350,000+ users and boasts illustrious clients like Fox Sports, Rarible, and Guild.xyz, can be installed into any product via the API. The integrations are popular with users and have gained traction: An employee of Guild.xyz who works on software says, “Shield is one of our most popular integrations on Guild.”
The company is dedicated to providing cutting-edge security solutions for companies across diverse sectors globally, with an emphasis on combating new risks.
About the startup:
A blockchain security start-up called Shield assists businesses in implementing thorough security measures to thwart crypto attacks and boost user confidence throughout the ecosystem. The Shield provides an extensive range of security solutions intended to safeguard and support the digital ecosystem. Shield was founded by a group of seasoned individuals from leading technology firms and academic organizations.
A firm dedicated to artificial intelligence called Shield AI was established in 2015 to utilize intelligent technologies to defend service troops and civilians. The company’s Hivemind autonomy stack, which has been used in battle since 2018, is the first and first autonomous AI Pilot.
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