Why We Invested · Andreessen Horowitz
Investment thesis
Forta has the potential to serve as a fundamental public utility securing DeFi, NFT, and DAO ecosystems across crypto.
Over the long term, Forta has the potential to be a fundamental public utility that serves the entire crypto space, securing DeFi, NFT, and DAO ecosystems as well.
Why the firm invested
a16z led Forta's latest funding round because securing digital assets is essential to driving mainstream crypto adoption.
That’s why we’re thrilled to lead the latest round of funding in Forta and participate in this community.
Product
Forta is an enterprise-grade runtime security platform designed to detect threats and system-critical issues as quickly as possible.
Forta is an enterprise-grade runtime security platform whose goal is to detect threats and other system critical issues as quickly as possible.
Forta is a decentralized protocol of independent node operators scanning all transactions and block-by-block state changes for smart contract threats.
The product is a decentralized protocol of independent node operators who scan all transactions and block-by-block state changes for outlier transactions and threats to smart contracts.
When Forta detects a potential risk, node operators notify subscribers so they can take automated defensive actions.
When an issue is detected, node operators notify subscribers of potential risks, which enables them to take automated defensive action.
Forta allows developers to build off-the-shelf generalized security tooling to ship faster with lower risk.
With Forta, developers can build off-the-shelf, generalized security tooling for the first time, allowing teams to ship faster with lower risk.
Team
OpenZeppelin and the Forta ecosystem combine relevant crypto and security experience to build decentralized Web3 security solutions.
Securing blockchains and digital assets is a critical part of driving mainstream crypto adoption, and OpenZeppelin and the rest of the quickly growing Forta ecosystem combine the right experience in crypto and security to deliver a new kind of solution for a truly open web.
What founders can learn
- What actually moved the decision: Andreessen Horowitz wrote that a16z led Forta's latest funding round because securing digital assets is essential to driving mainstream crypto adoption.
- How the team was judged: Andreessen Horowitz wrote that OpenZeppelin and the Forta ecosystem combine relevant crypto and security experience to build decentralized Web3 security solutions.
Source and provenance
Why We Invested published by Andreessen Horowitz on a16z.com (first-party source). Read the original
