PolySwarm

PolySwarm

PolySwarm is a decentralized marketplace that runs on a token called Nectar (NCT).

PolySwarm is a decentralized marketplace that is headquartered in San Juan, Puerto Rico and was founded in 2014 by Steve Bassi, Paul Makowski, Ben Schmidt, Maxwell Koo, and Nick Davis. The PolySwarm platform runs on a cryptocurrency token called Nectar (NCT). Nectar replaces the subscription payments charged by anti-virus vendors and intends to reward contributors to submit and classify potential threats to the PolySwarm network.

Platform

PolySwarm is powered by a network of threat detection engines and combines coverage from commercial engines and specialized solutions. The specialized solutions are niche and research driven, often authored by researchers and security teams developing threat detection models. Their model allows them to cover existing protection gaps and protects against emerging threats. The crowdsourced threat intelligence engines are able to compete with new technologies and threat detection methods through PolySwarm. The PolySwarm platform also works to offer a launchpad for these new technologies and threat detection methods and a place where they can compete against commercial solutions and specialized engines.

Threat Detection

PolySwarm's threat detection is based on multiple threat detection engines with money-backed opinions at the artifact level. Their determinations on a threat are economically rewarded and penalized based on the accuracy of their determinations. This is an automated process. These threat detection engines compete to protect consumers.

PolyScore

The PolySwarm PolyScore provides contextual threat scoring and a probability score for a given file and whether it contains malware through a single number. PolyScore comes to a final numerical threat score by weighing an engine's opinion based on the engine's recent past performance, strengths, confidence levels and other contextual threat indicators built from daily assertions generated inside PolySwarm.

Funding

Initial coin offering (ICO)

From February 20, 2018 to March 22, 2018 PolySwarm held their initial coin offering (ICO) selling approximately $25.9 million in Nectar (NCT).

Timeline

May 18, 2020

PolySwarm released PolyScore, a threat scoring algorithm for malware.

February 28, 2020

Anomali users have access to PolySwarm with latest integration and reseller relationship

March 27, 2018

PolySwarm raises $25.94 million in Public Token Sale to decentralize cybersecurity.

Nectar token (NCT) will facilitate global threat detection, replacing outdated antivirus models.

Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
PolySwarm Initial Coin Offering (ICO), March 2018
26,000,000
March 8, 2018
1 Result
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People

Name
Role
LinkedIn

Adrian Escude

CMO

Alan Justino

Senior Software Engineer

Alberto Baco-Bague

Advisor

Ben Schmidt

Co-Founder & CSO

Bill Fehr

VP of Growth and Partnership

Blake Reyes

Community Manager

Carl Hoffman

Advisor

Chris Eagle

Advisor

Dan Guido

Advisor

David Dubov

Employee

Dimitry Kislichenko

Senior Front-End Developer

Dinesh Dhamija

Advisor

Javier Botella

Senior Security Engineer

Joel Chiprut

VP of Commercial Solutions

Josh Cummings

Front-End Developer

Karla Sanchez

Office Manager / Executive Assistant

Marie Watkins

Employee

Mark Tonnesen

Advisor

Max Koo

Co-Founder & Director of Product Development

Nick Davis

Co-Founder & COO

Nicole Beauchemin

Founder

Patricia Hatter

Advisor

Paul Makowski

Co-Founder & CTO

Robert Lathrop

Senior Software Engineer

Samuel Neto

Senior Software Engineer

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Further reading

Title
Author
Link
Type
Date

Interview with Steve Bassi, the CEO of PolySwarm on the Nectar (NCT) Token Sale | TechBullion

Angela Scott-Briggs

Web

The PolySwarm Timeline (So Far!) - PolySwarm - Medium

PolySwarm

Web

White Paper

PolySwarm

Academic paper

Documentaries, videos and podcasts

Title
Date
Link

PolySwarm Demo: Command Line Interface and Free Features

January 6, 2020

Companies

Company
CEO
Location
Products/Services

References

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