Cybersecurity Vendor Cloudbric Hits Public Sale Hard Cap And Concludes ICO Project

Cloudbric successfully wrapped up their ICO project, which aims to provide users with a secure blockchain experience through the introduction of a user-incentivized security platform.

NEW YORK (PRWEB) November 12, 2018

On October 31, 2018, Cloudbric concluded its ICO venture. Cloudbric held two successful pre-sale rounds, from August 23-September 1 and September 3-22 respectively, and a final crowd sale period from October 22-31.

Despite market predictions, Cloudbric outperformed expectations and sold out at all stages of its public sales with a 10,000 ETH cap and reached over 97% of their total sale raise of 28,800 ETH.

The Cloudbric ICO project was led by CEO TJ Jung and boasted an impressive advisory board lineup consisting of FoundationX's CEO Jay Hwang, security expert for the Advisory Board for Kaspersky Labs, Dr. Jae Woo Lee, Principal of ZeroCap, Trent Barnes, and more who come from positions and fields of strategic investment, fintech, and so on.

Unlike other projects, Cloudbric is an established vendor in the cybersecurity arena and has been in business for the past three years with existing customers, partners, and PoPs (point of presence). Cloudbric has also received industry recognition from Gartner and Frost & Sullivan and has received numerous awards for their security solution.

With the end of the ICO, Cloudbric will focus on fulfilling their mission of, "securing your blockchain experience." Cloudbric's goal is to bring its cybersecurity services to general users and businesses so that they are more confident in adopting blockchain technology through the protection of global exchanges and cryptocurrency assets.

The funds raised will go toward the development of Cloudbric's decentralized universal security platform, the integration of deep learning, and business development. The development of Cloudbric's decentralized universal security platform is ambitious in that it aims to cover an extensive range of services — from endpoint security to IoT security. It is powered through a cyber threat database that will only keep growing thanks to incentivized contributions by the user community.

TJ Jung said, "We look forward to bringing more mainstream appeal to the cybersecurity side of blockchain technologies, including protection for crypto sites exchanges and wallet security. We have high expectations for the security platform to make security more accessible and transparent."

Cloudbric's next steps including finalizing the integration of deep learning into its current WAF (Web Application Firewall) service, as mentioned, and preparing for the trade of CLB on global exchanges.

About Cloudbric
Cloudbric is a decentralized universal security platform featuring enterprise-grade website, mobile device and crypto asset security, as well as access to a community driven threat intelligence database all powered through a new technology called VISION (patent pending). It features one of the most accurate (low false positive rated) engines on the market. Visit cloudbric.io to learn more or cloudbric.com to begin using their website services today.

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