Forta

Forta

Building the first decentralized community-based security protocol to prevent or mitigate smart contract exploits as they occur. Learn more

Launch date
Employees
Market cap
-
Enterprise valuation
€84—125m (Dealroom.co estimates Sep 2021.)
Walnut California (HQ)

Financials

Estimates*

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Revenues, earnings & profits over time
USD20222023
Revenues1.4m2.4m
% growth-78 %
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Recent News about Forta

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Forta.org is a cybersecurity startup that operates in the Web3 and DeFi (Decentralized Finance) markets. It offers a range of security solutions to various clients, including Web3 wallets, security and compliance teams, DeFi platforms, and asset managers. Forta's primary service is its Scam Detector, which screens pre-signed transactions to protect users from scams. This tool is particularly useful for Web3 wallets, which can use it to enhance their security measures.

In addition, Forta offers an Attack Detector, which is designed to identify potential exploits in DeFi platforms. This tool can alert asset managers to threats in real-time, allowing them to take action to preserve their capital. Forta's services are powered by advanced machine learning technology, which has proven effective in detecting major attacks in advance, such as the $197 million attack in 2023.

Forta also offers a Software Development Kit (SDK) for developers, data scientists, and security researchers. This allows them to create valuable threat intelligence and earn recurring revenue based on the number of subscribers they attract. Furthermore, Forta encourages participation in its network through staking and delegating its native token, FORT, which also grants users a say in the company's governance.

The company's business model is likely based on a subscription or usage fee for its security services, with additional revenue generated from the SDK and staking of the FORT token.

Keywords: Cybersecurity, Web3, DeFi, Scam Detector, Attack Detector, Machine Learning, Asset Managers, SDK, FORT Token, Staking.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.