PolySwarm raised $25 M in a ICO round on 2018-03-26.

According to media reports, PolySwarm raised $25 M in a ICO round on 2018-03-26.Following this round, PolySwarm's total funding reached $25 M.

PolySwarm is a decentralized threat intelligence marketplace that incentivizes security experts to compete in detecting and analyzing malware. The platform uses prediction markets and mediated consensus to determine the accuracy of submitted verdicts, rewarding experts with cryptocurrency for their contributions. PolySwarm aims to address the inefficiencies of the current threat intelligence market, where enterprises must rely on a patchwork of solutions to defend against evolving cyber threats. By leveraging the collective expertise of a global network of security professionals, PolySwarm seeks to provide more comprehensive and timely threat coverage.