Web3 security company Mamori has completed a $5 million seed round financing, led by Blockchain Capital.

according to The Block, Web3 security company Mamori announced the completion of a $5 million seed round financing. This round was led by venture capital firm Blockchain Capital, with participation from Velocity Capital and Web3.com. Angel investors include Grigore Rosu, Daniel Lubarov, Alex Watts, Bo Du, Shujia Liang, Micheal Heinrich, and Antonio Viggiano.

It is reported that Mamori is dedicated to enhancing Web3 security by developing an algorithm capable of detecting issues in blockchain software.