Stelo Labs has raised a $6M Seed funding round to protect Ethereum users from being hacked.
A16z led the funding round.
Stelo Labs offers an extension that cryptocurrency holders can use to analyze if a potential transaction is risky or safe.
- The company aims to differentiate itself by offering not only advice on how to proceed with a transaction but also explanations on why that transaction is unsafe.
- The company claims that since its launch, it has helped protect over $100M worth of Ethereum.
- This is its first major funding round since being founded in 2022.
- Stelo Labs is based in San Francisco.
