Sherlock Aims to Protect DeFi Users From Smart Contract Exploits

[EAA-ALLAH]

A decentralized finance (DeFi) protocol called Sherlock has secured a funding round for a project that aims to protect users from the increasing trend of exploits and hacks.
The pre-seed round which raised $1.5 million was led by IDEO CoLab Ventures, with participation from A.Capital, Scalar Capital, and DeFi Alliance. A number of angel investors from leading DeFi protocol also added to the investments. The Sherlock platform addresses the increasing problem of smart contract vulnerabilities by offering protection from protocol hacks using in-house security analysis and platform-level coverage. According to the announcement, Gavin McDermott, Partner at IDEO CoLab Ventures, said that fundamental risk analysis and covering protocols directly was “a heavy lift” adding. Source