TechFlow News — BlockSec, a blockchain security company, announced today the completion of its multi-million-dollar angel round. The financing was led by Fenbushi Capital, with participation from A&T Capital, Quchain Technology, Impossible Finance, Incuba Alpha, and NEAR ecosystem fund MetaWeb Ventures.
BoShen, Global Managing Partner at Fenbushi Capital, said, “The blockchain industry, especially the DeFi sector, has experienced exponential growth over the past few years. However, security remains a critical bottleneck and risk for the industry. This is why blockchain security providers like BlockSec are among the most essential components of the ecosystem and will grow alongside it. We believe the BlockSec team, combining top-tier industry expertise and academic excellence, will become a key pillar supporting the healthy development of the industry.”
Founded in May 2021, the BlockSec team is committed to safeguarding the security of the blockchain ecosystem, focusing on full-lifecycle smart contract security, blockchain regulation, emerging cybercrimes, and privacy-preserving blockchain architectures. Core team members graduated from leading universities worldwide and possess both cutting-edge academic research experience and industrial expertise from top-tier security firms. The team has published over 20 academic papers on blockchain security at premier security conferences, independently identified and analyzed dozens of major blockchain security incidents, served tens of blockchain projects, and protected hundreds of millions of dollars in digital assets.
Notably, BlockSec has launched the first multi-chain supported online smart contract transaction analysis platform, a flash loan detection platform, and an anti-money laundering tracking platform, helping project teams enhance their security posture and supporting regulatory oversight in the blockchain space. The funds raised will be used to expand the BlockSec team and accelerate new product development.
