What Labrys does

Labrys is a Brisbane-based Blockchain & AI Product Studio that designs, builds, and ships end-to-end digital products for Web3 protocols, blockchain startups, enterprises, and government clients. Founded in 2017 and operating under the legal entity Labrys Group Pty Ltd, the firm runs a four-phase delivery methodology (Plan, Build, Assure, Launch) producing working software every two weeks, with reported engagements ranging from 3–4 week advisory projects to 10–20 week protocol builds. The studio reports 50+ projects delivered across smart contracts (Solidity, Rust, Vyper, Move), Web3 applications (React, Next.js, TypeScript, wagmi, viem, ethers.js, RainbowKit), AI systems (LLMs, RAG, LangChain, Mastra, Anthropic, OpenAI), and cloud infrastructure (AWS, GCP, Azure, Vercel, Kubernetes), with multi-chain deployment experience across Ethereum, EVM L2s (Polygon, Base, Arbitrum, Optimism), Polkadot/Substrate, and Solana/SVM.

The company's core products and proprietary assets include the Hashlock AI Auditor — a Mastra-powered, RAG-enhanced smart contract security platform with a 5-step audit pipeline, curated vulnerability knowledge base spanning Solidity, Rust, and Vyper, and a database-driven configuration layer that allows model and audit-logic swaps without redeployment. Client-facing project portfolio includes Swell Network (liquid staking, restaking, withdrawal infrastructure, and the Swell Pay consumer wallet), Fjord Foundry (Solana token sale platform), LayerZero DvP (cross-chain atomic settlement on Polygon/Base), Rock Solid / Lagoon Finance (institutional DeFi vault platform), the Pectra Staking Manager (Ethereum validator management), and Glue Finance (Polkadot-based consumer hub). The firm holds no disclosed patents and reports no formal industry awards, but cites a self-reported zero-exploits record on shipped smart contracts since inception.

Labrys operates exclusively as a project-based professional services firm. Revenue is generated through custom-scoped, quote-based engagements rather than recurring product subscriptions, with billing tied to multi-phase delivery contracts. The go-to-market is sales-led and consultative, driven primarily by direct website inquiry ('Let's Talk' CTA with a 24-hour response promise), inbound from technical content marketing (case studies, insights blog), Web3 conference presence, and developer-community referrals. The company closed a Series A round in June 2025 reported at approximately €17.5M (~$20M) — though note that some funding-press sources describe a UK-headquartered 'Axiom' security platform of the same name, a discrepancy that warrants verification before treating the figures as fully attributable to the Brisbane entity.

Name

Labrys

Legal name

Labrys Group Pty Ltd

Website

https://labrys.io

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Short description

Brisbane-based blockchain and AI product studio providing senior-led, end-to-end development services for Web3 protocols, blockchain startups, and enterprises across Ethereum, Polkadot, and Solana ecosystems, with proprietary AI audit tooling.

Ownership category

akta.pro rank

Product category

Blockchain & AI Software Development Services

NAICS

Computer Systems Design and Related Services (54151)

SIC

Services-Commercial Physical & Biological Research (8731)

akta.pro primary industry

Testing, Simulation & Local Dev Environments (testnets, forks, fuzzing, CI) (FSAPABAG)

akta.pro secondary industry

Database/Application Data Layer Modernization (DB migration, ORM, caching) (BPAEAFAL)

Keywords

• Blockchain development services
• AI product development
• Smart contract development
• DeFi protocol engineering
• Web3 application development

Headquarters

HQ city

Brisbane

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Professional Services & Custom Development: Project-based professional services engagements spanning blockchain development (smart contracts, DeFi protocols, dApps, cross-chain), AI product development (workflows, integrations, internal tools, agents), and full-stack web/mobile application delivery. Engagements range from 3–4 weeks (advisory/audit) to 10–20 weeks (protocol builds). Revenue is derived from scoped project fees with milestone-based delivery. The firm is not a product company; all revenue is services-driven.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels6 records

Core offering

Labrys is a Blockchain & AI product studio that provides end-to-end professional development services spanning smart contract engineering (Solidity, Rust, Vyper, Move), Web3 application development, AI workflow and agent systems (RAG, LLM integration), DeFi protocol architecture, and full-stack delivery from product discovery through to launch. The firm charges scoped project fees for custom engagements, combining strategic advisory, product design, engineering, and security auditing for Web3 startups, enterprises, and government clients globally.

Product overview

Labrys is a Brisbane-based Blockchain & AI Product Studio offering end-to-end development for blockchain products, AI systems, fintech platforms, and complex digital products. The company provides professional services across blockchain (DeFi protocols, smart contracts, cross-chain, Web3 applications) and AI (advisory, product design, solutions, and engineering/governance). Their project portfolio includes client products: Rock Solid (institutional DeFi yield vault platform by Lagoon Finance), Longtail (concentrated liquidity DEX on Superposition), Pectra Staking Manager (Ethereum validator management with PierTwo and Hashlock), Swell Network (liquid staking/restaking protocol with consumer wallet Swell Pay), Fjord Foundry (Solana token sale launchpad), LayerZero DvP (cross-chain atomic settlement), Hashlock AI Auditor (AI-powered smart contract security platform), and Glue (DeFi aggregation hub on Polkadot). Services are delivered through a four-phase process (Plan, Build, Assure, Launch) using modern tech stacks including React, Next.js, Solidity, Rust, and AI frameworks like Mastra and Vercel AI SDK.

Differentiator

Problem solved

Functional benefit

Brands

• Axiom: Security operations platform for humanitarian and crisis response efforts globally, featuring biometric verification, geo-tagging, encrypted communications, and cryptocurrency payments for operations in volatile regions.

Products and services

• Blockchain & Smart Contract Development Services End-to-end smart contract and blockchain protocol development services for Web3 protocols and blockchain startups, covering Solidity, Rust, Vyper, and Move smart contracts, DeFi protocol architecture, cross-chain infrastructure, and security best practices with 95%+ test coverage.
• Web3 Application Development Services Full-stack Web3 application development using React, Next.js, TypeScript, wagmi, viem, ethers.js, RainbowKit, and account abstraction standards (ERC-4337) for DeFi protocols, marketplaces, NFT platforms, and consumer crypto applications targeting crypto-native and mainstream users.
• AI Workflow and Agent Development Services Custom AI product development delivering workflow automation, knowledge retrieval (RAG), generative content, NLP pipelines, recommendation systems, and conversational agents using LLMs (Claude, GPT), LangChain, Mastra, Pinecone/Weaviate, and the Vercel AI SDK for enterprises and startups.
• DeFi Protocol and Marketplace Engineering Services Deep DeFi protocol engineering for liquid staking, restaking, concentrated liquidity DEXes, institutional vault platforms, lending protocols, token sale launchpads, and NFT marketplaces, integrating protocols such as LayerZero, Superposition, Lagoon Finance, and Eclipse.
• Blockchain Strategy and Advisory Services Strategic advisory and product discovery engagements (3-4 weeks typical duration) covering blockchain readiness assessment, AI opportunity identification, architecture review, governance frameworks, and product/UX strategy for enterprises, governments, and Web3 startups.
• Hashlock AI Auditor AI-powered smart contract security audit platform with a 5-step Mastra workflow engine for automated vulnerability detection across Solidity, Rust, and Vyper smart contracts, enhanced by RAG over a curated vulnerability knowledge base. Delivers interactive reports with severity-grouped findings and remediation guidance; built as a delivered client product for Hashlock security audits.

Quantifiable outcome

• 85,000+ users and 2,159+ signed-up organisations reached by the Hashlock AI Audit Tool (built by Labrys), with global reach across virtually every country
• +2 more outcomes

Named customers7 records

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration18 records

AI capability8 records

Feature5 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• HashlockcoreStrategic or Co-development Partner · 1 July 2025Joint development of the Hashlock AI Audit Tool — an AI-powered smart contract security platform. Labrys delivered full-stack design and development (Next.js, Mastra, tRPC, Neon PostgreSQL) including the 5-step AI audit workflow, RAG infrastructure, and admin dashboard. Hashlock's existing client relationship (security audits) and Labrys' engineering capability created a complementary partnership.
• Swell NetworkcoreStrategic or Co-development Partner · 1 January 2022Multi-year technical partnership spanning Ethereum liquid staking smart contracts, restaking infrastructure, withdrawal systems, vault products, and the Swell Pay consumer wallet. Four delivery phases across the full Swell stack from protocol to product. Represents one of Labrys' most significant and sustained client partnerships.
• PierTwocoreStrategic or Co-development PartnerJoint delivery of the Pectra Staking Manager — a non-custodial Ethereum validator management tool. PierTwo owned smart contract and backend infrastructure; Labrys handled design and frontend development. Joint QA with Hashlock across shared Notion, Slack, and Telegram environments.
• Hashlock (Pectra project)minorImplementation/ SI/ Consulting PartnerSecurity review partner for the Pectra Staking Manager project. Hashlock conducted security review alongside Labrys' internal QA process as part of the joint delivery team.
• SuperpositioncoreTechnology or IntegrationLongtail DEX project integrated directly with Superposition's smart contracts for accurate pool interaction and transaction execution. Labrys built the frontend UX, swap/liquidity flows, and smart contract integrations on top of Superposition's AMM contracts.
• Lagoon FinancecoreTechnology or IntegrationRock Solid DeFi vault platform integrated with Lagoon Finance smart contracts for vault interactions and receipt-token lifecycle. Labrys built the complete frontend, wallet-connected flows, portfolio dashboard, and integration layer bridging to Lagoon Finance's vault infrastructure.
• SentientminorStrategic or Co-development PartnerCore integration and launch infrastructure for Sentient, an AI-native platform. Labrys delivered the architecture and integration layer beneath smart contracts, distribution, and on-chain coordination.
• Mandala ChainminorStrategic or Co-development PartnerFull DeFi suite delivery on Mandala Chain (Polkadot ecosystem): Uniswap V2 fork, Aave V3 fork, staking, vesting, and a full consumer-facing hub, all integrated through shared Wagmi and Polkadot wallet infrastructure.
• Fjord FoundrycoreStrategic or Co-development PartnerApplication and integration layer delivery for Fjord Foundry's Solana expansion — covering Solana wallet integration, token sale flows, TGE claim and distribution UX, and launch operations tooling. Fjord Foundry is a launchpad platform for fair token sales.
• LayerZerocoreTechnology or IntegrationCross-chain DvP settlement dApp built using LayerZero's omnichain messaging protocol for atomic settlement between security tokens and payment tokens across Polygon and Base. Labrys delivered full dApp including contracts, indexer, and frontend.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Zellic: Web3 security and research firm providing smart contract audits and formal verification. Comparable senior-led security delivery model targeting protocols.
• ChainSafe Systems: Web3 engineering and infrastructure studio with similar project-based delivery across multiple chains (Ethereum, Polkadot, Filecoin). Comparable professional-services model and multi-chain positioning.
• Nethermind: Ethereum-focused engineering firm delivering smart contracts, protocol research, and audits. Closely comparable in combining senior-led protocol development with security work.
• Halborn: Web3 security and blockchain engineering firm offering smart contract audits, penetration testing, and advisory. Overlaps directly with Labrys' audit-adjacent smart contract work.
• Quantstamp: Web3 security firm providing smart contract audits and formal verification across multiple chains. Comparable in security-focused service offerings to enterprise and protocol clients.
• Sigma Prime: Web3 security and engineering consultancy delivering Ethereum audits, Lighthouse consensus client, and protocol engineering. Directly comparable senior-led, security-anchored delivery model.
• Ackee Blockchain: Web3 security firm focused on Solidity audits and tooling (e.g., Tracey). Smaller-scale peer with similar smart contract audit and engineering delivery model.

Broad incumbents

• OpenZeppelin: Established Web3 security and smart contract development platform with both products (libraries, Defender, Contracts) and professional services. Larger incumbent covering similar protocol security and dev work.
• Consensys: Largest Web3 platform (MetaMask, Infura, Linea) with adjacent consulting and protocol development services. Overlaps with Labrys on Ethereum-side delivery and tooling but operates at vastly greater scale.

Emerging players

• Tenderly: Web3 developer infrastructure and debugging platform. Adjacent rather than direct, but its dev tooling competes for the same developer mindshare and budget that Labrys' audit tool addresses.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/labrys_io
• LinkedInlinkedin.com/company/labrys-io

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Labrys