A story of Indian Web 3 security Startup


Posted December 7, 2022 by immunebytes

ImmuneBytes, a pioneering blockchain security firm based in India, started its Web3.0 security voyage in the middle of 2020, with an enthralling backstory worth mentioning.

 
A crypto enthusiast and a future entrepreneur in his early 20s was already amazed to see the next iteration of the internet taking over space acceleratedly.

And then the Pandemic hits!!! Promoting the internet from being an aiding entity to the core of almost every unit of life.

But that wasn't enough; rising hacks and cyberattacks put a significant barrier to its adoption. Although many knew something had to be done, only a few dared to act.

Billions of dollars worth of crypto were getting drained to smart contract hacks, compelling people to take a step away from the crypto-domain.
That’s when ImmuneBytes came in with an aim to form a security framework for a safer blockchain area.

ImmuneBytes launches its adventure with cutting-edge technology and assumes a crucial part in protecting the Web 3.0 ecosystem. It emerged as a blockchain cybersecurity startup that provided smart contract auditing services to businesses and startups so they could navigate the crypto space safely.

ImmuneBytes founding members already had a fair experience working with blockchain startups, and had a considerable network in the crypto market. As a result, the day ImmuneBytes was picked up was also the day it received its first project.
Probably, the things were just waiting to pick up.

With most startups struggling for funding and angel investors, ImmuneBytes had an independent initiation. Just a few months into the market, there were investors willing to contribute to the business, but the team chose to remain bootstrapped for some time.

Eventually, a startup was built, bootstrapped from the first day of existence.

Every success story has its unique detours on the way to the goal. The same obstacles stood in their way, but locating qualified personnel was arguably the most difficult. Both Web3.0 and its difficulties are relatively new. Actually, very few individuals are knowledgeable of the nuances of the area.

The team worked as a consultant to IDOs, IEOs, ILOs, IFOs, and other organizations for a while before establishing as a full-fledged smart contract auditing firm. The founder described how these early challenges spurred him and the team to put in more effort.

His decision and hard work paid off. Beginning around Ethereum and solidity smart contracts, the company today has sieved through 16 blockchain networks, having an experienced team of auditors accessing almost 4.1B worth of crypto funds. #secured

ImmuneBytes seized numerous chances that opened the route for advancement. They got many leads and grabbed projects while just getting started, which helped them carve out a niche for themselves in the market and compete with leading companies in the space.

Just two years into the business, ImmuneBytes has over 175 successful audits to its name and 145+ diverse sets of clients from all over the world.

They offer auditing services to DeFi organizations to promote security in the Web3.0 environment. These services mainly deal with the secure design and execution of smart contracts, the creation of dApps and DEXs, NFTs and stablecoin contracts, and the creation of digital wallets.

ImmuneBytes always strives to remain updated with their auditing tools, libraries, and other resources. Their standout feature is the manual audit, in which two independent teams examine the smart contracts and offer a multifaceted perspective on the effectiveness of the code. The company also offers security consulting and penetration testing services, giving blockchain enterprises a secure start.

ImmuneBytes' pricing model takes into account the complexity of the code, the kind of contract, the blockchain platform used, and the time frame involved. ImmuneBytes' clients get extensive audit reports with no-cost follow-up audits after code fixes, which sets them apart from competitors. https://www.immunebytes.com/

Speaking about their future plans, they have a lot more on their schedule. Starting with BugBytes, launching this quarter is an intermediary Bug bounty platform for projects to get in direct contact with hackers while ensuring overall security for their Web3.0 projects. Second, AlertBytes, a web3.0 notification application, pings you whenever your wallet or smart contract address performs a transaction. Additionally, the Web3 DeFi Insurance product provides a tailored insurance solution to protect blockchain projects against a hack or liquidity drain.

With an enthralling start and an exponential pickup, It would be intriguing to see what the future has in store for them.
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Contact Email [email protected]
Issued By ImmuneBytes
Phone 07303699708
Business Address B1/639 A, 4th Floor,
Janakpuri,
Country India
Categories Blockchain
Tags smart contract auditors , blockchain security audit , crypto audit company , blockchain security firm , web 3 security auditor , defi security researcher , cybersecurity auditor
Last Updated December 7, 2022