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Quantstamp

also invests · investor profileYC W18

San 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.

Crypto & Web3CybersecurityEnterprise SoftwareCrypto / Web3SecurityUnited States of AmericaAmerica / CanadaFully Remote

Founders & leadership· Y Combinator alumni (W18)

Quantstamp was founded in 2017 by Richard Ma and Steven Stewart.

RMRichard Ma
Richard MainCEO and FounderRichard Ma is Founder and CEO of Quantstamp, a cybersecurity company focused on web3 and AI applications.
SS
Steven StewartCo-founder
AMAlex Murashkin
Alex MurashkininFounding Senior Engineer
KKacper
Kacper

Investors · 15

Reported raises · per SEC filings

Form D private placements

$3.3M disclosed across 4 rounds · 2017–2018

$2MraisedSep 2018 · 4 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • 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
Full filing on SEC EDGAR ↗
$50KraisedSep 2018 · 1 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • 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
Full filing on SEC EDGAR ↗
$120KraisedSep 2018 · 1 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • 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
Full filing on SEC EDGAR ↗
$1.1MraisedDec 2017 · 47 investors · Other Technology
Rule 506(c)
Officers, directors & promoters on the filing
  • 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
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Company profile

researched Aug 2026

Quantstamp 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 reported
Audits conductedJan 20261,300 audits
Digital asset risk securedJan 2026$200B
Digital assets securedJan 2026$500B
Ecosystems coveredJan 202660 ecosystems
Team sizeJan 202680 employees

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Images

Quantstamp photo

Competitors · 6

by search overlap
Alchemy29 shared keywordsAlchemy is a platform layer that enables developers to build applications on blockchain networks. The company provides infrastructure and APIs to simplify blockchain development for a global audience.
Certik22 shared keywordsCertiK is a Web3 security platform that combines formal verification with smart contract audits, penetration testing, on-chain monitoring, AML/compliance tools, and incident response for blockchain projects, exchanges, and wallets. It offers products such as its Skynet real-time project evaluation system and SkyInsights transaction-monitoring and AML compliance suite for Web3 companies and VASPs.
Chainlink20 shared keywordsChainlink is an oracle platform that connects blockchains with external data, existing systems, and other chains, providing data feeds, cross-chain interoperability, settlement, compliance, and privacy infrastructure. It serves financial institutions and decentralized finance (DeFi) protocols building and operating tokenized asset and onchain financial products.
Hedera Hashgraph15 shared keywordsHedera is a permissioned distributed ledger platform designed for enterprise applications, offering fast transaction finality, regulatory compliance, and institutional governance. The network is operated by Fortune 1000 companies and provides infrastructure for tokenized securities, real-world assets, and AI-ready applications in regulated industries.
Veridise11 shared keywordsVeridise provides security services, including audits, for Web3 and blockchain projects, drawing on a team of researchers and engineers. It focuses on addressing security challenges in the crypto and smart contract space.
ASTRA by Czar Securities11 shared keywordsAstra builds a continuous offensive pentest platform that helps businesses identify and remediate security vulnerabilities. The platform serves thousands of businesses seeking to improve their security posture.

Companies competing with Quantstamp for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline · 5

launches, deals, and filings
Jun 2026
Led independent investigation into $32M Humanity Protocol key compromise

Quantstamp 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 ↗

Jan 2026
Chainproof insurance product for smart contract hack and slashing risk

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.

source ↗

Feb 2024
Audit of Alchemy's Modular Account (ERC-4337 / ERC-6900)

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.

source ↗

Jul 2023
Quantstamp agrees to pay nearly $3.5M to settle SEC unregistered ICO claims

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 ↗

Jan 2018
Participated in Y Combinator Winter 2018 batch

Quantstamp is listed as a Y Combinator Winter 2018 company in the Crypto/Web3 and Security categories, based in San Francisco.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities · 1

corporate structure
QuantstampDelaware

In the news

Research sources · 8

primary sources listed

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.