Quantstamp
also invests · investor profileYC W18San Francisco, US · Founded 2017 · Delaware corporation · 80 employees · 15 known investors
Quantstamp provides smart contract and blockchain security audits and verification services for Web3 and Web2 projects. The company serves developers and teams building decentralized applications, DeFi protocols, and blockchain infrastructure.
Also known as Quantstamp, Inc.
Founders & leadership· Y Combinator alumni (W18)
Quantstamp was founded in 2017 by Richard Ma and Steven Stewart.



Investors · 15
Reported raises · per SEC filings
Form D private placements$3.3M disclosed across 4 rounds · 2017–2018
▶$2MraisedSep 2018 · 4 investors · Other TechnologyRule 506(b)
- Steven StewartExecutive Officer, Director
- Richard MaExecutive Officer, Director
- Offering amount
- $5M
- Amount sold
- $2M
- First sale
- Aug 2018
- Incorporated
- Corporation, Delaware, 2017
- Federal exemptions
- 06b
▶$50KraisedSep 2018 · 1 investors · Other TechnologyRule 506(b)
- Richard MaExecutive Officer, Director
- Steven StewartExecutive Officer, Director
- Offering amount
- $50K
- Amount sold
- $50K
- First sale
- Apr 2018
- Incorporated
- Corporation, Delaware, 2017
- Federal exemptions
- 06b
▶$120KraisedSep 2018 · 1 investors · Other TechnologyRule 506(b)
- Steven StewartExecutive Officer, Director
- Richard MaExecutive Officer, Director
- Offering amount
- $120K
- Amount sold
- $120K
- First sale
- Jan 2018
- Incorporated
- Corporation, Delaware, 2017
- Federal exemptions
- 06b
▶$1.1MraisedDec 2017 · 47 investors · Other TechnologyRule 506(c)
- Richard MaExecutive Officer, Director
- Steven StewartExecutive Officer, Director
- Offering amount
- $30.8M
- Amount sold
- $1.1M
- Minimum investment
- $30
- Proceeds to insiders
- $5M
- First sale
- Nov 2017
- Incorporated
- Corporation, Delaware, 2017
- Federal exemptions
- 06c
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Company profile
researched Aug 2026Quantstamp is a blockchain security company founded in 2017 and headquartered in San Francisco, with a distributed team of security professionals. Its core offering is security auditing for web3 software, covering smart contracts, Layer 1 and Layer 2 protocols, DeFi applications, NFT marketplaces, exchanges, clients and supporting web infrastructure. The company also performs penetration testing, formal verification, static analysis and original security research, and it publishes recurring public reporting on crypto and off-chain security incidents through its blog.
Beyond point-in-time audits, Quantstamp offers managed security services for continuous monitoring after deployment, and an insurance product called Chainproof that covers customers against smart contract hacks and slashing risk. It has secured two Ethereum 2.0 consensus clients, Prysm and Teku, and has received multiple Ethereum Foundation grants related to Layer 2 security and scaling. The firm also conducts incident investigation work; it led the independent investigation into a social-engineering attack on Humanity Protocol that drained roughly $32 million.
Alongside its services business, Quantstamp makes strategic investments in the web3 ecosystem and acts as an advisor to projects as they scale.
Founding story
Quantstamp was founded in 2017 by Richard Ma, a former software engineer at Tower Research Capital who worked on software handling millions of dollars using extreme testing methods. He started the company to help mainstream users safely adopt blockchain technology. Quantstamp participated in Y Combinator's Winter 2018 batch.
Business model
Quantstamp sells security services to blockchain and web3 project teams, primarily engagement-based smart contract and infrastructure audits, supplemented by managed security services for post-deployment monitoring and the Chainproof insurance product covering smart contract hacks and slashing risk. The company also makes strategic investments in web3 projects and serves as an advisor to them.
Revenue derives from paid security engagements (audits, penetration testing, formal verification and related review work), ongoing managed security and monitoring services, and its Chainproof insurance offering.
Traction
Company materials report 1,300+ audits conducted, more than $500 billion in digital assets secured and coverage of over 60 ecosystems; its press page cites 700+ audits and over $200 billion in digital asset risk secured. Quantstamp audited two Ethereum 2.0 clients (Prysm and Teku), received multiple Ethereum Foundation grants for L2 security and scaling, and led the independent investigation into the $32 million Humanity Protocol key-compromise incident.
Latest developments
Quantstamp continues to publish monthly security reporting on crypto and software supply chain incidents, including analysis of npm package compromises and exploited CVEs, and led the independent investigation into the social-engineering attack that drained $32 million from Humanity Protocol. Recent research output covers EIP-7702 and the Pectra hardfork, engineering Solidity contract families for multi-chain deployment, and security considerations for AI agents operating on blockchains.
▸Full profile — market position, technology, go-to-market, geography, history, risks & controversies
Market position
Quantstamp positions itself as a leading blockchain security auditing firm, citing 1,300+ audits conducted, coverage of 60+ ecosystems and $500B+ in digital assets secured, and long-standing relationships with widely used protocols. It is regularly cited in crypto and financial trade press on hacks, DeFi security and scam trends.
The company emphasizes a full-stack security offering spanning pre-deployment audits, continuous post-deployment monitoring and insurance coverage via Chainproof, combined with a research-oriented engineering team drawn from major technology companies and academia with expertise in formal verification and compilers.
Technology
The team applies formal verification, static analysis, smart contract auditing and penetration testing across a range of programming languages, with stated experience in meta-languages and compilers from both academic and industry work. Staff backgrounds include the Ethereum Foundation, Google, Meta, MathWorks and Microsoft. The company has also published tooling and research such as a tool for detecting DeFi flash loan vulnerabilities, and research on Solidity smart contract families for multi-chain deployment, EIP-7702 impacts under the Pectra hardfork, and securing AI agents interacting with blockchains.
Go-to-market
Quantstamp acquires clients through direct audit requests on its website and an incident-response contact channel, supported by developer relations, published research and monthly security reporting, conference and event activity, and regional business development leadership (including a dedicated Head of Japan and APAC). Ecosystem grants, partnerships and strategic investments also serve as channels into protocol communities.
Blockchain protocol teams and web3 developers, including Layer 1 and Layer 2 networks, DeFi protocols, NFT marketplaces, exchanges, staking and infrastructure providers, and institutional participants. Named clients and partners include Maker, Compound, Polygon, Arbitrum, Sandbox, Aave, OpenSea, Alchemy, API3, Venus Protocol, Kiln and Dapper Labs (Flow).
Geography
Headquartered in San Francisco with a globally distributed team; regional coverage includes a dedicated Japan and APAC business unit, and team members with backgrounds in Canada, Taiwan, Spain and elsewhere.
History
Founded in 2017 and part of Y Combinator's Winter 2018 batch, Quantstamp built an audit practice serving protocols including Maker, Compound, Polygon, Arbitrum, Aave, OpenSea and Sandbox. It expanded beyond audits into managed security services, the Chainproof insurance product, DeFi flash loan vulnerability tooling, a hack protection pilot, and strategic investments in web3 projects. In July 2023 the company agreed to pay nearly $3.5 million to settle SEC claims that it had conducted an unregistered initial coin offering.
Risks & controversies
In July 2023 Quantstamp agreed to pay nearly $3.5 million to settle U.S. Securities and Exchange Commission claims that the company conducted an unregistered initial coin offering. Publicly stated traction figures also vary across company pages (700+ audits and $200B secured on the press page versus 1,300+ audits and $500B+ on the homepage).
Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Competitors · 6
by search overlapCompanies competing with Quantstamp for the same Google search keywords, organic and paid, via search-intersection analysis.
Timeline · 5
launches, deals, and filingsQuantstamp led the independent investigation into a targeted social-engineering attack that reached the keys behind the $H token and drained $32 million, tracing the tooling to a phishing campaign previously seen targeting macOS users.
$32M source ↗
Quantstamp offers Chainproof, an insurance product that covers customers against smart contract hacks and slashing risks, alongside managed security services for continuous post-deployment monitoring.
Quantstamp conducted a smart contract audit for Alchemy's Modular Account, a wallet implementation designed for ERC-4337 and ERC-6900 compatibility including two plugins.
Quantstamp agreed to pay nearly $3.5 million to settle U.S. Securities and Exchange Commission claims that the company held an unregistered initial coin offering.
$3.5M source ↗
Quantstamp is listed as a Y Combinator Winter 2018 company in the Crypto/Web3 and Security categories, based in San Francisco.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
Legal entities · 1
corporate structureIn the news
▸Research sources · 8
primary sources listed
- Quantstampquantstamp.com · web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Quantstamp do?
- Quantstamp is a blockchain security firm providing smart contract audits and related security services for web3 projects.
- Who founded Quantstamp?
- Quantstamp was founded by Richard Ma, Steven Stewart in 2017.
- Who are Quantstamp's investors?
- Quantstamp's investors include Bloccelerate VC, Dragonfly, Fifty Years, LegalTech, Manhattan Venture Partners, Metaplanet, Metastable, Reflexive Capital and 7 more.
- How much funding has Quantstamp raised?
- Quantstamp has disclosed $3.3M raised across 4 rounds.
- Where is Quantstamp headquartered?
- Quantstamp is headquartered in San Francisco, US.












