PolySwarm reaches US$15 million token presale goal

PolySwarm announced that it has reached its $15 million USD goal. Contributors included cryptocurrency incubator Science Blockchain. The Nectar presale was met with overwhelming demand, PolySwarm’s public token sale will launch February 20, 2018.

We’re pleased with the early support from investors to create the first marketplace where security experts compete to protect users,” said Steve Bassi, CEO and Founder of PolySwarm. “We’re driven to improve the threat intelligence marketplace for everyone, and this early funding puts us on pace to achieve this.

Today’s antivirus and IT security market is dominated by single vendor offerings that often miss emerging threats. PolySwarm incentivizes a global community of information security experts to disrupt the $8.5 billion cyber threat intelligence industry, providing enterprises and consumers with unprecedented speed and accuracy in threat detection.

PolySwarm’s founders built the company out of Narf Industries, LLC, an information security firm that recently completed a blockchain-based identity management project for the Department of Homeland Security, as well as information security projects for DARPA. PolySwarm’s advisory board includes former McAfee CIO Mark Tonnesen, alongside renowned information security experts Dan Guido, Chris Eagle, Dr. Sergey Bratus, and Carl Hoffman.

The PolySwarm market runs on Nectar (“NCT”), an ERC20-compatible utility token that makes it easy to submit and classify potential threats on the PolySwarm market. Nectar replaces traditional, outdated antivirus and threat-scanning subscription payments.

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