The round was co-led by Coatue Management and Shunwei Capital, with participation from Coinbase Ventures.
Runtime Verification checks smart contracts for errors, perhaps most famously with Uniswap.
The fund will pay for the one thing devs can't do internally: security audits.
Overbooked audit firms are “rejecting” DeFi projects for code checks as the young sector wallows in its first bear market.