Vulnerability bounty platform Immunefi completes $24 million Series A funding, led by Framework Ventures

ChainCatcher news, the bug bounty platform Immunefi has completed a $24 million Series A funding round, led by Framework Ventures, with participation from Electric Capital, Polygon Ventures, Samsung Next, North Island Ventures, Third Prime Ventures, and Lattice Capital. The funds will be used to expand its team to meet the growing demand for its services, with Immunefi currently employing around 50 people and potentially doubling that number in the near future.

It is reported that Immunefi was founded in December 2020 and is headquartered in Singapore. It claims to have over 300 clients, protecting more than $10 billion in user funds, and has paid out $136 million in bounties to white hat hackers. (The Block)