Binance Labs, the venture capital arm and accelerator of Binance, led the seed funding round for Salus Security, a blockchain security company that uses machine learning technology to make security services more efficient and accessible. It offers a suite of smart contract auditing, vulnerability detection, and security consulting services.

Yi He, the Co-Founder of Binance and Head of Binance Labs, said:

"At Binance, security has always been a priority and we’re on the continued lookout for service projects that offer innovative security solutions to resolve pain points currently facing the blockchain ecosystem. The technological competitiveness of Salus Security will drive the quality of security solutions in the Web3 sector.” 

Key Points:

• Smart contract audits help detects security issues such as denial-of-service (DoS) attack oversight, functionality duplication, rounding errors, and more.
• Customized security services that include on-demand consulting, comprehensive penetration testing, and on-chain asset tracking.
•  Automated smart contract vulnerability detection that supports multi-engine formal verification, symbolic execution, hybrid fuzzing, and more.

"We aim to help our users eliminate their concerns about blockchain security threats and provide them with a series of services to protect their data privacy and crypto assets. We are constantly innovating and see it as our mission to establish new standards for the blockchain security industry.” Said Mirror T. The Co-Founder of Salus Security