Business Daily Media
Tuesday, April 1, 2025 1:13:22 AM

The Times Real Estate

.

Mamori.xyz raises US$5 million to revolutionize Web3 security and value extraction

ML-enabled blockchain intelligence startup aims to tackle "unknown unknowns" in smart contract vulnerabilities

NEW YORK, US - Media OutReach Newswire - 4 July 2024 - Mamori.xyz, an automated blockchain value extraction system, has successfully raised US$5 million in seed funding to advance its mission of revolutionizing Web3 security and optimization.

The round was led by Blockchain Capital, with participation from Velocity.Capital and Web3.com.

Mamori.xyz has successfully raised US$5 million in seed funding led by Blockchain Capital, with participation from Velocity.Capital, Web3.com and notable angel investors
Mamori.xyz has successfully raised US$5 million in seed funding led by Blockchain Capital, with participation from Velocity.Capital, Web3.com and notable angel investors

The seed funding round also saw participation from notable angel investors, including Grigore Rosu, Daniel Lubarov, Alex Watts, Bo Du, Shujia Liang, Micheal Heinrich, Richard Adjei, and Antonio Viggiano.

Ryan Sproule, investor at Blockchain Capital, said, "We are very excited to support Mamori.xyz in their vision to make smart contracts more secure via modern advanced fuzzing techniques. By enhancing the developer toolkit, this will enable developers to spot more vulnerabilities earlier in a more scalable way."

Disrupting Web3 security with ML-enabled blockchain intelligence

Mamori.xyz is an automated value extraction system optimized for blockchain security and value extraction, colloquially named a ML-enabled pathfinder. Its technology addresses critical challenges in the Web3 space, where cyber-attacks resulted in over US$2.4 billion in losses in 2023 alone. Traditional auditing tools, based on historical data, have proven inadequate in meeting the preventive security needs of this rapidly evolving industry.

Mamori.xyz is augmenting Web3 security via an algorithm that caters to major challenges and issues on blockchain-based software. Leveraging ML-enabled value extraction systems to navigate and optimize blockchain ecosystems, covering zero-day economic exploit detection, MEV identification, and intent solving for transaction optimization, Mamori.xyz creates a comprehensive solution that safeguards against unknown vulnerabilities while maximizing blockchain efficiency and profitability.

Multifaceted, future-proof solution for security and efficiency

Mamori.xyz addresses critical industry challenges by combining smart contract auditing with value extraction capabilities. Its algorithm adapts situationally to extract value from any blockchain-based software, identifying vulnerabilities without any prior knowledge of exploit methodologies (unknown unknowns).

The solution redefines Web3 security by moving beyond traditional auditing to proactive, interdisciplinary technologies to mitigate threats and optimize values. Its adaptive architecture offers future-proof solutions to evolving blockchain ecosystem needs.

Grigore Rosu, Advisor of Mamori.xyz, Professor of Computer Science at UIUC, Founder of Runtime Verification and Founder of Pi Squared, said, "I am very excited to witness Mamori.xyz's mission to bring advanced ML-integrated fuzzing techniques to smart contract security. Their automated search and light specification approach form the perfect complement to formal verification. We are closer than ever to a future where smart contract developers get all the following at the push of a button: Mamori.xyz's tools help eliminate programming errors while learning the contract specification, semantics-based formal verification tools prove the program correct wrt the specification, then the correctness proof is ZK-ed and posted on-chain as verifiable evidence. Programmatically verify, not trust, security audits."

Andy M. Lee, Founder of Mamori.xyz, said, "Mamori.xyz aims to address the critical space within the blockchain space, where incidents caused by cyber-attacks, technical and economic exploits, and vulnerabilities in smart contracts or logic have led to significant losses in the industry. We are honored to be supported by Blockchain Capital, Velocity Capital, Web3.com and other angel investors in our seed funding to help us further our mission to facilitate a new standard in smart contract auditing, paving the way for mass adoption."

With this funding, Mamori.xyz is poised to disrupt the Web3 security landscape by offering a multifaceted, future-proof solution that addresses both security and efficiency concerns in blockchain ecosystems. The system has entered the proof-of-concept stage, successfully testing the algorithm's efficiency and feasibility of integrating interdisciplinary intelligence based on Swarm Intelligence, and demonstrating Mamori.xyz's ability to identify existing limitations of security auditing techniques to protect against the "unknown unknowns".

Hashtag: #Mamori



The issuer is solely responsible for the content of this announcement.

About Mamori.xyz

.xyz is a ML-enabled pathfinder for blockchain value extraction, that can be applied to zero-day economic exploits, MEV search and intent solving, addressing the challenges of scalability, automation, exploit detection relevance, and efficacy in the Web3 value extraction landscape. We apply interdisciplinary technologies and protect against the "unknown unknowns" vulnerabilities. To achieve this, we leverage algorithmic parsing techniques to establish smart contract sequences, utilize reproducible stateful computation techniques, and incorporate innovative and customizable algorithmic feedback mechanisms.

To stay updated with Mamori.xyz, follow them at

News from Asia

Galaxy Macau™ and SCMP Learn Team Up to Inspire New Educational Pathways at Pioneering Parents’ Talk Held at GICC

Leading Education Experts Gather to Shape Conversations Around Global Education for the Next Generation MACAU SAR - Media OutReach Newswire - 26 March 2025 - Galaxy Macau™, in collaboration with ...

Last November was the time for EU beef in Manila, campaign led by Provacuno

MANILA, PHILIPPINES - Comunicae - 26 March 2025 - Within the framework of the "It's time 4 European Beef" campaign, co-funded by the EU Provacuno, the Agro-food Interprofessional Organization of th...

Daphne Announces 2024 Annual Results Revenue and Profit Attributable to Shareholders up 23% and 71% Respectively

Steady Final Dividend of HK$0.02 Per Share Dividend Payout Ratio was Approximately 35% (RMB' million) For the y...

Esyms and DHL eCommerce partner to change medicine distribution in Malaysia

The collaboration supports Esyms's focus on medication delivery, enhancing accessibility and convenience for government hospital and clinic patients across Malaysia KUALA LUMPUR, MALAY...

Henkel Vietnam supports bridge construction and educational initiatives in Soc Trang province

Building bridges and empowering communities in Vietnam HO CHI MINH CITY, VIETNAM - Media OutReach Newswire - 27 March 2025 - With funding from the 'Make an Impact on Tomorrow' initiative, Henkel V...

Furukawa Electric Launched an epoch compact multi-fiber optical connector suitable for CPO

TOKYO, JAPAN - Media OutReach Newswire - 27 March 2025 - Furukawa Electric Co., Ltd. newly developed the compact 12-fiber optical connector suitable for CPO (Co-Packaged Optics). The rapid...

Leng Aik Engineering Launches Advanced DfMA Factory For Prefab MEP Systems

Developed with the support of Building and Construction Authority (“BCA”) and A*STAR Singapore Institute of Manufacturing Technology (“A*STAR SIMTech”), the factory utilises automation, robotics an...

Southa Unveils White Paper on Reducing Hong Kong Buildings' Energy Costs and Carbon Footprint

HONG KONG SAR - Media OutReach Newswire - 27 March 2025 - Southa Hong Kong (Southa), a joint venture of Veolia Hong Kong & Macau, has released a white paper that offers practical strategies fo...

Toray Engineering: Launch of UC5000 Semiconductor Packaging Equipment Compatible with Large Glass Panels

High-accuracy packaging in panel level packaging TOKYO, JAPAN - Media OutReach Newswire - 27 March 2025 - Toray Engineering Co., Ltd.,has developed the UC5000, a high-accuracy semiconductor packag...

Revolutionary Treatment Introduced in Hong Kong to Combat 2.4-Year Diagnosis Delay and Emotional Struggles in Vitiligo Patients

HONG KONG SAR - Media OutReach Newswire - 27 March 2025 - At today's press conference, members of the education expert panel on vitiligo, including Dr Johnny Chan Chun-yin, a Specialist in Dermato...

Blend AI scales up in the USA following ecommerce success

Sydney, Australia – 1st April, 2025: Blend AI, a leading Australian adtech company, has announced the opening of its first US office in Austin, Te...

Why the Way We Think About Employee Wellbeing Is Holding Us Back

Workplace wellbeing has finally reached the mainstream. It’s no longer seen as a ‘nice to have’ or an afterthought—it’s a core business issue. But d...

Samsara Eco expands global leadership team

Industry heavyweights join Samsara Eco to accelerate its enzymatic recycling technology Chief Innovation Officer and Executive Product Director a...

National Print Awards Announce Ricoh Women in Industry Award

The National Print Awards (NPAs) are proud to introduce the Ricoh Women in Industry Award, a prestigious new accolade recognising and celebrating ...

Financial Forecasting: 3 Tips for SMEs

Financial forecasting means predicting your business’s future revenue, expenses, and cash flow so you can plan ahead. If you’ve ever wondered whether ...

NextOre Unveils World First MR Analyser for Underground Copper Trucks

NextOre, a global leader in  Magnetic Resonance (MR)-enabled bulk ore sorting technology, has now made its world first sensor system available for...

Sell by LayBy