ML-enabled blockchain intelligence startup goals to deal with “unknown unknowns” in sensible contract vulnerabilities
NEW YORK, US – Media OutReach Newswire – 4 July 2024 – Mamori.xyz, an automatic blockchain worth extraction system, has efficiently raised US$5 million in seed funding to advance its mission of revolutionizing Web3 safety and optimization. The spherical was led by Blockchain Capital, with participation from Velocity.Capital and Web3.com.
Mamori.xyz has efficiently raised US$5 million in seed funding led by Blockchain Capital, with participation from Velocity.Capital, Web3.com and notable angel traders
The seed funding spherical additionally noticed participation from notable angel traders, together with Grigore Rosu, Daniel Lubarov, Alex Watts, Bo Du, Shujia Liang, Micheal Heinrich, Richard Adjei, and Antonio Viggiano.
Ryan Sproule, investor at Blockchain Capital, mentioned, “We’re very excited to assist Mamori.xyz of their imaginative and prescient to make sensible contracts safer through trendy superior fuzzing strategies. By enhancing the developer toolkit, this may allow builders to identify extra vulnerabilities earlier in a extra scalable approach.”
Disrupting Web3 safety with ML-enabled blockchain intelligence
Mamori.xyz is an automatic worth extraction system optimized for blockchain safety and worth extraction, colloquially named a ML-enabled pathfinder. Its know-how addresses important challenges within the Web3 house, the place cyber-attacks resulted in over US$2.4 billion in losses in 2023 alone. Conventional auditing instruments, based mostly on historic knowledge, have confirmed insufficient in assembly the preventive safety wants of this quickly evolving business.
Mamori.xyz is augmenting Web3 safety through an algorithm that caters to main challenges and points on blockchain-based software program. Leveraging ML-enabled worth extraction programs to navigate and optimize blockchain ecosystems, protecting zero-day financial exploit detection, MEV identification, and intent fixing for transaction optimization, Mamori.xyz creates a complete resolution that safeguards in opposition to unknown vulnerabilities whereas maximizing blockchain effectivity and profitability.
Multifaceted, future-proof resolution for safety and effectivity
Mamori.xyz addresses important business challenges by combining sensible contract auditing with worth extraction capabilities. Its algorithm adapts situationally to extract worth from any blockchain-based software program, figuring out vulnerabilities with none prior information of exploit methodologies (unknown unknowns).
The answer redefines Web3 safety by shifting past conventional auditing to proactive, interdisciplinary applied sciences to mitigate threats and optimize values. Its adaptive structure provides future-proof options to evolving blockchain ecosystem wants.
Grigore Rosu, Advisor of Mamori.xyz, Professor of Laptop Science at UIUC, Founding father of Runtime Verification and Founding father of Pi Squared, mentioned, “I’m very excited to witness Mamori.xyz’s mission to carry superior ML-integrated fuzzing strategies to sensible contract safety. Their automated search and lightweight specification strategy type the proper complement to formal verification. We’re nearer than ever to a future the place sensible contract builders get all the next on the push of a button: Mamori.xyz’s instruments assist eradicate programming errors whereas studying the contract specification, semantics-based formal verification instruments show this system appropriate wrt the specification, then the correctness proof is ZK-ed and posted on-chain as verifiable proof. Programmatically confirm, not belief, safety audits.”
Andy M. Lee, Founding father of Mamori.xyz, mentioned, “Mamori.xyz goals to deal with the important house inside the blockchain house, the place incidents brought on by cyber-attacks, technical and financial exploits, and vulnerabilities in sensible contracts or logic have led to important losses within the business. We’re honored to be supported by Blockchain Capital, Velocity Capital, Web3.com and different angel traders in our seed funding to assist us additional our mission to facilitate a brand new customary in sensible contract auditing, paving the best way for mass adoption.”
With this funding, Mamori.xyz is poised to disrupt the Web3 safety panorama by providing a multifaceted, future-proof resolution that addresses each safety and effectivity considerations in blockchain ecosystems. The system has entered the proof-of-concept stage, efficiently testing the algorithm’s effectivity and feasibility of integrating interdisciplinary intelligence based mostly on Swarm Intelligence, and demonstrating Mamori.xyz’s capacity to establish current limitations of safety auditing strategies to guard in opposition to the “unknown unknowns”.
Hashtag: #Mamori
https://mamori.xyz/
https://www.twtter.com/mamori_xyz
The issuer is solely liable for the content material of this announcement.
About Mamori.xyz
Mamori.xyz is a ML-enabled pathfinder for blockchain worth extraction, that may be utilized to zero-day financial exploits, MEV search and intent fixing, addressing the challenges of scalability, automation, exploit detection relevance, and efficacy within the Web3 worth extraction panorama. We apply interdisciplinary applied sciences and shield in opposition to the “unknown unknowns” vulnerabilities. To attain this, we leverage algorithmic parsing strategies to determine sensible contract sequences, make the most of reproducible stateful computation strategies, and incorporate modern and customizable algorithmic suggestions mechanisms.
To remain up to date with Mamori.xyz, observe them at x.com/mamori_xyz
