PolySwarm, founded in 2017, is an IT company headquartered in the United States, advancing in the cybersecurity landscape with its unique proposition in crowdsourced threat detection.
Their innovative platform, described as a threat intelligence marketplace, leverages cutting-edge methods to identify threats potentially overlooked by traditional solutions. It stands as a launchpad for emerging technologies, wherein participating engines are incentivized through performance-based rewards.
A pivotal feature of PolySwarm is its use of the Ethereum erc20 token (NCT) to facilitate transactions within its network. NCT not only compensates contributors offering valuable cybersecurity insights but also acts as currency for accessing network-provided intelligence.
The company attracted a $26.00M Initial Coin Offering investment on 08 March 2018 from notable investors like BlockTower Capital, Science Blockchain, George Burke, and Joel Dietz, showcasing confidence in its distinctive approach to threat detection.