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itrust.fr

Stage

Series A | Alive

Total Raised

$5.94M

Valuation

$0000 

Last Raised

$2.27M | 3 yrs ago

About ITrust

ITrust publishes cyber security software solutions and offers related services. The company known for its two cybersecurity solutions that are Ikare, allowing preventive monitoring of vulnerabilities on systems and infrastructure, and Reveelium, a tool behavioral analysis designed to fight against the APT (advanced persistent threat) viruses and unknown attacks.

ITrust Headquarter Location

BAT ACTYS/1 55 l’Occitane

Labege, 31670,

France

+33 (0)5 67 34 67 80

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Expert Collections containing ITrust

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

ITrust is included in 2 Expert Collections, including Artificial Intelligence.

A

Artificial Intelligence

8,712 items

This collection includes startups selling AI SaaS, using AI algorithms to develop their core products, and those developing hardware to support AI workloads.

C

Cybersecurity

4,902 items

Latest ITrust News

How iTrust Finance Scales On-Chain Insurance

Jun 15, 2021

Reading Time: 2 mins read iTrust is the first of its kind, a Layer 2 yield aggregator for decentralized insurance. Users of decentralized insurance have the opportunity to derisk through DeFi by earning a passive yield with their insurance tokens. The rise in smart contracts has attracted forward thinkers who are willing to advance innovation at every turn. With north of $60 billion tied up in the DeFi space, it has also attracted scammers along with the investors, however. With nearly three-quarters of all DeFi hack protocols having been previously audited, there need to be more derisking options implemented into protocols. One of the most exciting ideas to come from the rise in smart contracts is removing the middleman from insurance. With Nexus Mutual’s protocol, you can get quotes on protection against wallet hacks and protocol failures as well as swapping to stable tokens in case a yield token fails. There are plans to insure against real-life events with oracle technology but in order to do that, there are plenty of steps that need to be completed. By staking the Nexus Mutual native token (NXM), you can get a decent yield by providing liquidity for the insurance the protocol is selling. However, the decentralized insurance sector comprises only 2% of the Total Value Locked in DeFi. On top of that, the growth of the market-leading insurance protocols is limited to the number of participants who are staking their tokens to the protocol. The decentralized insurance protocol desperately needs more staked liquidity in order to increase the affordability of premiums and the ability to cover insurance events. iTrust is attempting to fix this. iTrust The Vault Similar to Yearn.Finance, iTrust uses vault-zapping algorithms to scan smart contract protocols and assess the current risk and reward of each protocol. The goal of iTrust Finance is to dynamically move your funds to the lowest-risk yield generating protocols. A large hurdle with new DeFi protocols is the ease of use. iTrust has created a very simple layout and easy-to-use interface which allows the user to delegate funds to staking, keep insights on staked and unstaked funds, and a whole new window for rewards. The effort to maintain a strong user interface while creating a new protocol is paramount for success. iTrust has developed a dynamic investing tool that increases cover supply and exposure to low-risk yield pools. This format of DeFi investing is an effective workaround for avoiding pools that get hacked or rugged. The iTrust Finance token is $ITG, and when staked or mined, the rewards will be distributed as ITG tokens. Powering Nexus The very first partnership for iTrust is naturally Nexus Mutual, the leading decentralized cover provider in the space. When iTrust launches, users will have options to stake to an index of Nexus Mutual risks or a low-risk and max-reward pool. Along with the native $ITG token, iTrust will distribute rewards to $NXM and $wNXM holders, incentivizing users to provide liquidity to the Nexus ecosystem. By implementing new rewards to an already existing Nexus staking protocol, iTrust is increasing Nexus’ exposure and intends to bring more exposure to the entire decentralized insurance market. As the first platform to tackle de-risking in decentralized insurance, iTrust is worth diving into if you are a believer in the ethos of decentralizing more aspects of your life. To learn more, visit: https://itrust.finance/

ITrust Web Traffic

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  • Where is ITrust's headquarters?

    ITrust's headquarters is located at BAT ACTYS/1, Labege.

  • What is ITrust's latest funding round?

    ITrust's latest funding round is Series A.

  • How much did ITrust raise?

    ITrust raised a total of $5.94M.

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