Sherlock raises $1.5M for new model to protect DeFi users from smart contract exploits

The pre-seed round was led by IDEO CoLab Ventures, with participation from A.Capital, Scalar Capital, DeFi Alliance and many strategic angels.

The Sherlock team is excited to announce that we have raised $1.5 million in funding to protect DeFi users from protocol hacks using in-house security analysis and platform-level coverage. The investment was led by IDEO CoLab Ventures, with participation from A Capital, Scalar Capital, and DeFi Alliance.

Sherlock Protocol Design

SHERLOCK is a risk management platform designed to keep end users protected by providing affordable and scalable coverage to protocols.