Odaily Planet Daily reported that the security audit company Spearbit completed $7 million in financing, led by Framework Ventures, and participated by Nascent, 1kx, Volt Capital, Breed VC, and Robot Ventures. The funds will be used to build Cantina (for Web3 security auditors) market) and hire more software engineers to automate service and product market workflows.
Spearbit previously raised $1.5 million in pre-seed financing at the end of 2021, bringing its total capital raised to $8.5 million.
Spearbit will launch two products in the near future: Cantina Managed Service and Cantina Guilds.