Magstone Law Assists FuzzLand in Securing $3 Million Financing and Facilitates Strategic Collaboration with Chainlink Labs

2024-08-31 16:30:15

Magstone Law is pleased to announce that we have provided comprehensive legal support for the seed round financing and strategic development of FuzzLand Inc. FuzzLand is a leading Web3 security and analytics company that recently successfully completed a $3 million seed round led by 1kx, with participation from other investors including HashKey Capital, SNZ, and Panga Capital.

Lasse Clausen, Founding Partner of 1kx, stated: "The FuzzLand team has demonstrated immense potential in developing distributed, real-time fuzz testing tools, translating the latest academic achievements into industry-grade security solutions. We are thrilled to support them in achieving this goal." Walker Zheng, Investment Partner at SNZ Capital, also commented: "FuzzLand's advanced fuzz testing technology sets a new standard for smart contract security. We look forward to FuzzLand bringing higher levels of security to companies within the Web3 ecosystem."

This funding will accelerate FuzzLand's innovation in the field of smart contract security, particularly in the development of advanced on-chain security solutions. Through proprietary fuzz testing and formal verification technologies, FuzzLand is committed to providing comprehensive security assurance for Web3 projects.

Additionally, FuzzLand has established a strategic alliance with Chainlink Labs, aiming to provide high-quality security services to startups in the Web3 ecosystem. FuzzLand's technology and services will help these companies improve efficiency and reliability, driving further development and innovation in the blockchain industry.

FuzzLand was co-founded by Chaofan Shou, Jeff Liu, and Professor Koushik Sen. Chaofan Shou is a Ph.D. candidate at the University of California, Berkeley, focusing on program analysis, security, and distributed systems. He was one of the founding engineers at Veridise and previously served as a security engineer at Salesforce. Jeff Liu is a renowned entrepreneur with over 20 years of experience in enterprise software. Professor Koushik Sen is an internationally recognized authority in software engineering and formal methods at the University of California, Berkeley, widely acclaimed for his pioneering work in automated testing and concolic execution.

Magstone Law assisted in the establishment of FuzzLand and has been providing long-term and comprehensive legal services to the company since its inception.