Odaily News: Security audit company Spearbit has completed a $7 million financing round. It was led by Framework Ventures, with participation from Nascent, 1kx, Volt Capital, Breed VC, and Robot Ventures. The funds will be used to build Cantina, an open marketplace for Web3 security auditors, and to hire more software engineers to automate service and product market workflows.



Prior to this, Spearbit raised $1.5 million in pre-seed financing at the end of 2021. The total capital raised by Spearbit has now reached $8.5 million.



Spearbit will soon launch two products: Cantina Managed Service and Cantina Guilds.