- Renowned cybersecurity firm GoPlus Security has announced the completion of its Private III financing round.
- GoPlus Security has successfully raised $10 million to support its mission of creating a modular user security layer for Web3.
- Leading institutions like OKX Ventures, HashKey Capital, and Animoca Brands participated in this latest funding round, following earlier investments by Binance Labs and Redpoint China.
GoPlus Security secures $10 million in latest funding round, aiming to revolutionize Web3 with enhanced modular security solutions.
GoPlus Security Raises $10 Million to Fortify Web3 User Protection
In a significant stride toward enhancing user safety in the Web3 ecosystem, GoPlus Security has announced the completion of its Private III financing round. The company has secured an impressive $10 million to further its goal of creating a modular security layer tailored for Web3 users. This funding round saw participation from notable investors including OKX Ventures, HashKey Capital, Fenbushi, Redpoint China, Web3Port, Animoca Brands, Quantstamp, Undefined Labs, 7UpDAO, Ash Crypto, and Richard Ma. The recent round adds to the $15 million already raised in previous investments, bringing the total amount to $25 million.
Modular Security Solutions: A New Frontier for Web3 Safety
GoPlus Network is at the forefront of developing a comprehensive, user-centered modular security layer for Web3. Designed to integrate seamlessly with any blockchain, this innovative system enables crypto network architects to enhance user safety and guard against security threats. By providing a robust and adaptable security framework, GoPlus aims to address the unique vulnerabilities faced by decentralized applications and blockchain technologies.
Leadership Insights and Future Directions
Mike Lee, co-founder of GoPlus, highlighted the strategic importance of their developments, stating, “GoPlus Network provides an extensive security layer that integrates seamlessly with any blockchain, ensuring thorough protection throughout the transaction lifecycle. Our open, permissionless network leverages advanced AI technology to offer comprehensive risk analysis, delivering intelligent and efficient security services to users.”
Driving Innovation in Blockchain Security
OKX Ventures Founder Dora Yue shared their enthusiasm for the collaboration, saying, “We are thrilled to partner with a company that shares our vision of a secure and trustworthy blockchain environment. GoPlus Security’s innovative approach to blockchain security perfectly aligns with our mission of fostering technological advancements that will benefit the crypto community in the long term. This investment underscores our commitment to empowering projects that prioritize user safety and system integrity.”
Unprecedented Growth and User Adoption
GoPlus has demonstrated remarkable growth in user adoption and data utilization, experiencing a 5,000-fold increase in user security data usage over the past two years. Notably, their daily API calls have surged to 21 million. The company’s personal security platform, SecWareX, launched in March 2024, has quickly garnered over 10 million wallet addresses and attracted more than 60,000 paid subscribers within its first three months, reflecting high levels of user trust and engagement.
Fostering Decentralization Through Token Ecosystems
GoPlus is also set to enhance user participation and decentralization through its token ecosystem. The GoPlus token will serve primarily as a security gas fee, bolstering the user network and expanding its applications. Furthermore, developers and users will be incentivized to act as SecWare Providers, Data Providers, and Computing Node Providers, receiving GoPlus tokens as rewards for their contributions to the network.
Conclusion
As GoPlus advances its efforts to integrate with all blockchain networks and partners with RaaS solutions like Altlayer, the company remains dedicated to building out its Modular User Security Layer. These strategic initiatives promise to significantly enhance the security landscape of Web3, offering users robust protections and fostering a more secure environment for the next generation of blockchain applications.
