MetaTrust Labs has successfully raised around $10 million in seed round, leading Web3 security innovation with automated security audit tools

Recently, Web3 security solution provider MetaTrust Labs (hereinafter referred to as “MetaTrust”) announced that raised nearly 10 million US dollar in seed round, quickly broke into blockchain security and stood out.

Investors include M23, Redpoint China Ventures, ABCDE Capital, Longhash, Hash Global, SNZ, Yunqi Capital, GGV, Fellows Fund, Aimtop Ventures, M-Ventures, Bing Ventures and many other well-known investors. TAIHECAP held the position of the exclusive and financial adviser of the company.

Based on the growing risk challenges and security needs of the Web3 industry, MetaTrust was founded by the global renowned research team from Nanyang Technological University. Through long-term R&D investment and forward-looking product development, Metatrust provides DevSecOps best practices in Web3 to automate the security tool chain and intelligent code audit services. With automatic security tool chain and intelligent code audit services, it improved security and compliance to the development life cycle, and comprehensively and stereoscopically conducted in-depth security scanning and dynamic protection, which is comprehensive, accurate, efficient and easy to use, and continued to provide security capabilities for developers and projects. At the same time, MetaTrust security team is committed to promoting the security construction of the entire open source and blockchain industry, brings developers the complete and best security development SaaS tools to build secure and prosperous Web3 ecosystem.

Metatrust: Builder-first Web3 Security

Drive Web3 security innovation with automation technology

“Scientific DNA” + Three-Dimensional Solution

Ongoing security attacks and lagging code audits and process management pose significant risks and challenges to the Web3 industry and complicate collaboration between project teams. How to improve the security management abilities in the entire life cycle of project development under the premise of high standards, high efficiency and very low false positive rate has become a difficult problem for each Web3 engineer.

With the support of a professional security team, MetaTrust starts with SaaS services, and it covers the entire software development lifecycle process. It includes application security verification analysis, secure package manager (MPM), MetaScan, MetaScout, and overall security assessment (MetaScore). With years of experience in security and rapid iteration, MetaTrust’s automation products and technology capabilities are taking a leading position in the industry .

MetaTrust actively cooperates with partners to build a complete Web3 vulnerability classification criteria standard, including 12 main vulnerability categories and more than 150 subdivided vulnerability types — each with a detailed definition. Based on the criteria standard, an automated scanning rule is implemented for each type of vulnerability. Plus, after comparing the results of automated scanning and manual auditing on top 50 projects, MetaTrust has found that automated scanning audit reports can detect 20% more vulnerabilities than manual auditing while maintaining a low false alarm ratio and false negative rate levels (under 10%).

MetaTrust achieves more than a single point of security; it is more about the practices of providing comprehensive automated scanning services but also provides a toolchain for the entire development pipeline. The scanning tool MetaScan includes 4 primary engines that cover code security in full range, the 4 engines are fast static code scanning, precise formal scanning, supply chain security scanning, and IP analysis scanning. In addition, MetaScan can continuously empower software development security automatically by integrating CI/CD. Corresponding scans will be performed every time code is submitted, providing builders security support in the complete development lifecycle.

Builder-first security soluiton for SDLC

Based on outstanding technical capabilities and with “automated security scanning” and “code audit” as the core scenarios, MetaTrust completely abandons the traditional security ear-end security mode and adopts the innovative concept of security shift-left. The automated security scanning technology based on Web3 applications, which has strong scalability and accessibility, making the construction of the project security management process as simple and convenient as building Lego blocks, driving the improvement of overall efficiency, and the cost is only one third of that of traditional software tools.

Comprehensive and automated Web3 security audit solution is MetaTrust’s core competency. The founding team said, “We are grateful to our investors and partners for their trust and support. MetaTrust will continue to work together to enable builder. In the next steps, the company plans to officially launch its core product MetaScan in mid-February 2023. In the future, the company will focus on the development of our portfolio of products and expanding the market. MetaScan also offers a 14-day free community version. We expect more developers to use MetaScan and provide feedback, and we will continue to optimize and upgrade our products and services to build a DevSecOps based Web3 security ecosystem.

🤝 Get in Touch: ty@metatrust.io