Web3 Security Company Almanax Raises Pre-Seed Funding to Expand Operations and Develop AI Product for Smart Contract Auditing

Web3 Security firm Almanax has secured Pre-Seed funding from defy.vc, with the amount remaining undisclosed. The company, founded by Francesco Piccoli and Maxwell Watson, plans to use the funds to expand operations and develop its security tools. Almanax's first AI product, AuditLLM, is designed to automatically audit smart contracts and reduce costs, wait times, point-in-time limitations, ineffectiveness, and redundancy. The firm has also been selected to participate in NVIDIA's Inception Program.