Funding of approximately 230 million yen
KEKKAI Co., Ltd., which develops Web3 security products, announced on the 23rd that it has raised a total of approximately 230 million yen from 14 investors in a seed round. The company also released a new browser app, “KEKKAI Mobile,” equipped with the Web3 security standard.
This funding includes the “Decima Fund” jointly managed by SBI, Animoca, Gumi, and MZ Cryptos, as well as “Bixin Ventures”, “Sora Ventures”, “Plug and Play”, which invests in Web3 projects in the global market, etc. participated. Jkiss (a type of stock acquisition rights) was used as the procurement method.
Web3.0 is a decentralized Internet that utilizes blockchain (decentralized network), and is represented by NFTs and crypto assets (virtual currency), and is attracting attention as a new core industry in Japan. On the other hand, security issues are also noticeable. In fact, in 2022, there will be approximately 500 billion yen worth of fraud and hacking damage per year that exploits security vulnerabilities, creating a major headwind for investors, entrepreneurs, and companies attempting to enter the Web3 space.
KEKKAI’s vision is to “realize a Web3 environment that anyone can use with peace of mind,” and provides services to both individual users and businesses.
Jonathan, Web3 VC Investment Lead at SBI Holdings, said of the investment in KEKKAI:
As Decima Fund, we are very pleased to participate in KEKKAI’s initial funding round as the need for security in the Web3 market increases tremendously. KEKKAI offers precise and practical solutions in this area and its traction to date is very reliable. I am particularly excited about the team and look forward to providing value-added services to them as they expand in the Japanese and Asian markets.
Through this funding, KEKKAI plans to hire new personnel to further enhance its services and expand its business. The company is focusing on popularizing its Web3 security kit, which includes the existing “KEKKAI Plugin” and the new product “KEKKAI Mobile,” and also plans to expand its Web3 security services for corporations.
connection:Virtual currency hacking damage caused by North Korea in 2023 will exceed 80 billion yen = Report
Browser app for users KEKKAI Mobile
The new product “KEKKAI Mobile” is a Web3 browser application that can be used free of charge by individual users. The purpose is to protect users from the risk of hacking and leakage of crypto assets.
Currently, there are cases where the security features of wallet providers are insufficient for Web3 experiences using smartphones. There are many cases where users are unable to accurately understand the details of their transactions, allowing access to fraudulent contracts, leading to the outflow of crypto assets.
KEKKAI Mobile performs detailed simulation and analysis of transactions when executing or signing transactions, and notifies users of transaction details and risks.
Furthermore, “KEKKAI Mobile” has a unique point function that allows you to earn points by performing Web3 transactions and recommending the app to friends. In addition to being able to exchange these points for specific items, the system is also equipped with an attractive system for users, such as providing special benefits on a regular basis depending on the points held.
About KEKKAI Co., Ltd.
KEKKAI Co., Ltd. says, “Through KEKKAI Mobile, we aim to securely onboard as many people as possible to the Web3 world and become a presence that can support Japan as it regains competitiveness in the world.” .
KEKKAI’s existing products include the KEKKAI Plugin, a PC browser extension that was released in December 2022 and has 20,000 users worldwide. The KEKKAI Plugin app can be installed for free and has recorded approximately 40,000 downloads worldwide, with total user assets currently exceeding 8.5 billion yen.
For corporations, we offer the “KEKKAI SDK/API” for developers and the new code audit service “KEKKAI Audit”. KEKKAI Audit provides security review reports before deploying decentralized applications (dApps) and smart contracts.
connection:Web3 security company KEKKAI decides to co-sponsor Waseda Blockchain Research Group’s event “CKS Crypto Bootcamp”