Web3 security software provider Cyberscope Web3 Security submits US IPO application to raise US$17 million

The Zhitong Finance App learned that CyberScope Web3 Security, a company that provides Web3 cybersecurity and compliance solutions for digital asset platforms, submitted an IPO application to the US SEC on Monday and plans to raise up to 17 million US dollars through the IPO.

CyberScope is a Web3 security and compliance provider focused on smart contract audits, anti-money laundering/Know Your Customer (AML/KYC) screening, penetration testing, and blockchain vulnerability assessments. The company has completed more than 2,700 smart contract audits and more than 500 KYC verifications for more than 3,000 clients, including decentralized finance (DeFi) platforms, token issuers, and infrastructure providers in North America, Europe, Asia, and other markets, protecting over $2 billion in digital assets.

The company's suite of services leverages four proprietary tools: Cyberscan, Similarityscan, Safescan, and Signaturescan to provide automated and manual code review, similarity analysis, transaction monitoring, and signature search, and its audit badges have been recognized by platforms such as CoinMarketCap, PinkSale, and Unicrypt.

The company was founded in 2023 and recorded $1 million in revenue over a 12-month period ending June 30, 2025. The company plans to list on NASDAQ, but has yet to choose a stock code. CyberScope Web3 Security secretly submitted an application on August 19, 2025. Maxim Group LLC is the sole bookkeeping manager for this transaction. Pricing terms have not been disclosed at this time.