The incubator and investment division of Binance Labs, the largest cryptocurrency exchange in the world <a href="https://www.binance.com/en/blog/ecosystem/binance-labs-leads-seed-round-for-salus-security-to-further-advance-the-quality-of-web3-security-1651729470474285743">said</a> that it had invested an undisclosed sum in blockchain security firm Salus Security. This company offers automated smart contract vulnerability identification and blockchain smart contract audits.

https://twitter.com/BinanceLabs/status/1571864028221427715
<h2>Binance Labs Leads Seed Round</h2>
Binance Labs stated Monday that it led the seed investment round for Salus Security without specifying the amount raised. Yi He, the co-founder of Binance and head of Binance Labs, said in the statement said,

"At Binance, security has always been a priority, and we're on the continued lookout for service projects that offer innovative security solutions to resolve pain points currently facing the blockchain ecosystem," 
<h2 id="binance-labs-leads-seed-round-for-salus-security-to-further-advance-the-quality-of-web3-security" class="css-5i4e9d" data-bn-type="text">Salus Security to Further Advance the Quality of Web3 Security</h2>
Salus Security's machine learning technology enables it to verify the business logic of smart contracts with the least amount of friction and work. To simplify and improve the effectiveness of blockchain security, it can also automatically perform a complete analysis of the smart contracts' source code and data repository.

Yi He has ambitious goals for the venture capital division, which oversees over 200 projects and US$7.5 billion in assets. According to her, now is the moment to pick investment initiatives with high potential. 

Binance aims to invest in Web 3.0 initiatives across the board, including analytics, security, data, applications, and infrastructure. In June 2022, online investment firms DST Global Partners and Breyer Capital joined up with Binance Labs to close a <a href="https://www.cryptoknowmics.com/news/binance-labs-announces-the-closure-of-500m-investment-fund">$500 million investment fund</a>.

Binance Labs Leads Seed Funding Round For Salus Security

Binance Labs has invested an undisclosed sum in Salus Security. Salus offers automated smart contract vulnerability identification and blockchain smart contract audits.

Usha is a diehard crypto enthusiast and has been actively writing on different facets of the blockchain and crypto world. She has authored many research articles on cryptocurrency and aims to provide informational and quality content to readers. She firmly believes that crypto has a great potential to redefine the world of finance and blockchain.

Binance Labs Leads Seed Funding Round For Salus Security

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