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Immunefi

immunefi.com

Founded Year

2020

Stage

Series A | Alive

Total Raised

$29.5M

Last Raised

$24M | 5 mos ago

About Immunefi

Immunefi provides a crypto platform that helps decentralized financing (DeFi) protocols launch bug bounty programs on its platform. It provides security services and bug bounty solutions to Web3 companies and offers whitehat army, public relations and communication support, dashboard security, and more. The company was founded in 2020 and is based in Singapore.

Headquarters Location

20A Tanjong Pagar Road

Singapore, 088443,

Singapore

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Research containing Immunefi

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Immunefi in 1 CB Insights research brief, most recently on Nov 5, 2022.

Expert Collections containing Immunefi

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Immunefi is included in 2 Expert Collections, including Blockchain.

B

Blockchain

8,158 items

Companies and startups in this collection leverage blockchain technology for crypto trading, decentralized finance (DeFi), NFTs, and more.

C

Cybersecurity

4,937 items

Latest Immunefi News

This Web3 Leading Bug Bounty Platform Cracks Down On ChatGPT- Cites Lack Of Validity

Jan 18, 2023

This Web3 Leading Bug Bounty Platform Cracks Down On ChatGPT- Cites Lack Of Validity  Author: Qadir AK Jan 18, 2023 7:40 Qadir AK Author Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space. OpenAI unveiled ChatGPT, a long-form question-answering AI that answers complex queries in a conversational manner. It’s a ground-breaking technology since it’s been taught to understand what people mean when they ask questions. Many users are in awe of its capacity to deliver responses of human-quality, which gives rise to the idea that it might soon have the ability to revolutionize how people interact with computers and alter how information is retrieved. However, this technology has been stirring up trouble in a lot of different aspects. Here’s Why. Immunefi has banned 15 ChatGPT-Generated Bug Reports Immunefi is a bug bounty platform that focuses on web3 and smart contract security, with the objective of making web3 secure for all. Blockchain and smart contract projects can use Immunefi’s bug bounty hosting, consultation, and program management services. It has grown to become the leading bug bounty platform for web3. In a recent tweet by Immunefi, it mentioned that it has banned 15 people so far for submitting ChatGPT reports. Additionally, Immunefi engineers emphasised that there are differences between ChatGPT and services like GitHub Copilot. With the former, you are in control of the process, and Copilot’s job is to make contextually relevant suggestions that you can accept or reject as you write your program. With the latter, you are using a single prompt to produce what initially appears to be a well-written bug report but is ultimately unintelligible. Immunefi went a step further and asked ChatGPT why the program shouldn’t be used to generate bug reports, receiving a “satisfying response” and have shared the same on Twitter. Here's ChatGPT on why you shouldn't use ChatGPT to generate and submit bug reports. Additional reminder that submitting ChatGPT bug reports on Immunefi will get you banned because the output is never accurate or relevant. pic.twitter.com/nOvVOmQVmG Will they lift the ban? In the future, Immunefi might think about lifting the ban on the submission of AI-generated bug reports. “We will keep an eye out for the development of AI tools, and we will consider unbanning their use if they are ever capable of generating real bug reports” they recently said. But for now, the ban is in effect. To conclude, the use of AI for these types of reports has its pros and cons. With some of the pros include efficiency, scalability, and consistency. But at the same time with cons like lack of context, and inability to understand or comprehend. Tags

Immunefi Frequently Asked Questions (FAQ)

  • When was Immunefi founded?

    Immunefi was founded in 2020.

  • Where is Immunefi's headquarters?

    Immunefi's headquarters is located at 20A Tanjong Pagar Road, Singapore.

  • What is Immunefi's latest funding round?

    Immunefi's latest funding round is Series A.

  • How much did Immunefi raise?

    Immunefi raised a total of $29.5M.

  • Who are the investors of Immunefi?

    Investors of Immunefi include Framework Ventures, Electric Capital, Samsung NEXT, Polygon Ventures, North Island Ventures and 5 more.

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