Pentestify

Market Need

The growth of applications built on the blockchain and reliant on smart contracts is outpacing the creation of blockchain security talent. The innate complexity of securing a smart contract, along with the lack of available expertise and/or effective tools, contributed to over £1.5 billion being stolen from decentralised finance protocols in 2023 alone.

Although a number of smart contract auditing companies have attempted to address the issue, many lack the continuity, accuracy, automation and scalability required to be effective.

Solution

Pentestify is a SaaS platform that allows blockchain protocols to continuously secure their deployed smart contracts by delivering on-chain vulnerability detection, using AI threat intelligence and integrations with existing workflows.

The unique design pattern enables 24/7 AI learning from vulnerable patterns in bytecode, with global real-time threat intelligence and remediation. As well as addressing the root cause of smart contract hacks – the need for continuous, proactive security monitoring – Pentestify offers greater vulnerability detection accuracy.

Target Market

• Decentralised finance protocols (DeFi).

Status

• Testing proof of concept in customer presence through keynotes, awards and competitions.

Needs

• Further funding to turn the proof of authorities.
• More early adopters.
• Highly specialised industry advisors.