GoPlus Security Secures $10M Funding to Develop Modular Web3 Security Layer

Singapore, 5 June – GoPlus Security, a leader in Web3 cybersecurity, has announced the successful completion of its Private III financing round, raising $10 million. This funding will support the company's mission to build a modular user security layer for Web3.

Prominent funds and institutions participated in this round, including OKX Ventures, HashKey Capital, Fenbushi, Redpoint China, Web3Port, Animoca Brands, Quantstamp, Undefined Labs, 7UpDAO, Ash Crypto, and Richard Ma. This follows the completion of previous Private II and Private II+ investment rounds, which raised a total of $25 million, led by Binance Labs and Redpoint China in 2023.

GoPlus Security is developing an open, permissionless, and user-driven modular security layer for Web3, designed to integrate seamlessly with any blockchain. This innovation aims to enhance user safety and provide robust protection against security threats.

Mike Lee, Founder of GoPlus Security, commented: “GoPlus Network offers a modular user security layer for Web3, seamlessly integrating with any public chain to provide comprehensive protection throughout the user's transaction lifecycle. Our platform facilitates an open, user-driven safety network, utilizing cutting-edge AI technology for comprehensive risk analysis and intelligent, efficient security services. Our Token security detection API is integrated with many leading dApps in Web3, handling up to 21 million daily calls. Our personal security platform, SecWareX, has attracted nearly 9 million registered wallet addresses and 1.8 million unique IP users within two months of its launch.”

Dora Yue, Founder of OKX Ventures, added: “We are thrilled to partner with GoPlus, whose vision of a secure and trustworthy blockchain environment aligns perfectly with ours. This investment underscores our commitment to empowering projects that prioritize user safety and system integrity.”

GoPlus Security has experienced significant growth over the past two years, with user security data usage increasing 5,000-fold since 2022 and daily API calls reaching 21 million. The launch of SecWareX in March 2024 saw over 10 million wallets and 3 million users in the first three months, including over 60,000 premium security service subscribers, demonstrating high user trust and engagement.

GoPlus aims to drive participation and decentralization through its token ecosystem. The GoPlus token, primarily used as a security gas fee, will enhance the user network and extend its applications. It will also incentivize developers and users to contribute as SecWare Providers, Data Providers, and Computing Node Providers, offering GoPlus tokens as rewards.

With the new investment, GoPlus Security is focused on further developing its Modular User Security Layer, supporting all blockchain networks, and partnering with RaaS solutions like Altlayer.