Decentralized antivirus marketplace PolySwarm today announced the completion of its Nectar token sale, raising $25.94 million from 3,297 participants in both presale and crowdsale. Prominent backers of the project included Science Blockchain.
PolySwarm recently announced partnerships with the makers of marquee security tool suites including Cyber Triage, Binary Ninja, and Bremer Computer Security B.V., the enterprise supplier of Cuckoo Sandbox, which will produce PolySwarm’s first Arbiter, kickstarting PolySwarm’s roadmap for early adoption.
“People are clearly responding to PolySwarm’s capacity to be a next-generation threat detection model and the corresponding value of the Nectar token to that capacity,” said Steve Bassi, CEO of PolySwarm. “Part of PolySwarm’s mission is to bring global security experts and their anti-malware software together to protect users and enterprises.”
PolySwarm’s founders built the company out of Narf Industries, LLC, an information security firm that recently completed a blockchain-based identity management project for the Department of Homeland Security, as well as cutting-edge information security projects for DARPA. PolySwarm’s advisory board includes former McAfee, Inc. CIO Mark Tonnesen and Dinesh Dhamija, deputy treasurer of the United Kingdom’s Liberal Democratic Party and ebookers.com founder, alongside renowned information security experts Dan Guido, Chris Eagle, Dr. Sergey Bratus, and Carl Hoffman.
“PolySwarm is unlocking talent from regions with less access to opportunities and leveling the playing field in the industry. Regardless of location and education history, experts get paid entirely on their ability to detect new threats accurately and in a timely manner,” said Bassi.
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