MARKET MOVEMENT
Africa based Salus Cloud secures $ 3.7M seed funding
Salus Cloud, the AI-native platform revolutionising developer and security operations, DevSecOps for engineers, has closed a $ 3.7 million seed round to advance its mission of accelerating access to secure software delivery across Africa, the Middle East, and other growth markets.
The round was co-led by two of Africa’ s investors in transformative technologies, Atlantica Ventures and P1 Ventures, with additional backing from respected pan- African venture capital firms LoftyInc Capital, Zedcrest Capital, and Everywhere Ventures, alongside angel investor Tim Chen, a world-class DevSecOp expert and General Partner at Essence VC, who joined the round independently.
Speaking on the raise, Andrew Mori, CEO of Salus Cloud, said:“ This funding gives us the firepower to level the playing field, so
Andrew Mori
that high-growth teams, regardless of size or geography, can deploy secure, productiongrade software with confidence.”
The funding will enable Salus to accelerate product development, advance its go-tomarket strategy, and scale its AI-powered developer agents that help engineering teams shorten deployment cycles and ship code more securely. It will also support the growth of its customer base across growth regions, including Africa, Middle East and underserved tech ecosystems, while enhancing the onboarding experience for both self-service and enterprise users.
Many African markets still rely on legacy tools and fragile pipelines that slow development and increase risk. Salus is designed for the 95 % of teams that lack access to dedicated DevOps talent, making best-practise software delivery accessible to high-growth teams everywhere.
Launched in 2024, Salus was developed by African engineers who understand the growing complexities faced by software teams in growth markets, making it a solution better suited to these regions compared to foreign counterparts.
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Web3 AI company BingX launches $ 150M Shield Fund
Vivien Lin
BingX, a global cryptocurrency exchange and Web3 AI company, has introduced the Shield Fund, a permanent $ 150 million
safety reserve designed to safeguard users against unexpected incidents, including technical vulnerabilities, security risks, or malicious cyber threats on the platform.
Unlike conventional insurance models, the Shield Fund is entirely self-funded and always active, enabling BingX to respond swiftly and uphold a high level of security for its users. This initiative underscores BingX’ s commitment to transparency, accountability, and its unwavering user-first vision.
Built with long-term sustainability in mind, the Shield Fund features continuous internal audits and dynamic risk assessments. It offers BingX users an added layer of real-time protection and peace of mind, solidifying BingX’ s position as a provider in secure and responsible crypto trading.
“ The launch of the BingX Shield Fund is a strategic extension of our user-first vision. It is not simply a financial safeguard, it is a symbol of how we view responsibility at scale,” said Vivien Lin, Chief Product Officer at BingX.
“ We are reaffirming our commitment to building a secure, transparent, and forwardthinking trading environment. As our platform grows, so does our duty to empower users with tools and systems that ensure confidence, resilience, and long-term trust.”
Following the implementation of Proofof-Reserve, the Shield Fund represents the next chapter in BingX’ s ongoing mission to elevate platform integrity and user protection. Together, these initiatives form a robust foundation for a more transparent, secure, and accountable trading environment. Looking ahead, BingX remains committed to delivering proactive safety measures and pioneering infrastructure innovations to safeguard user interests. Founded in 2018, BingX is a crypto exchange and Web3 AI company, serving a global community of over 20 million users.
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