SmartState

What SmartState does

SmartState is a Dubai-headquartered Web3 cybersecurity firm founded in 2019 that provides external security audits and related services to blockchain and crypto projects globally. Incorporated as SMART STATE DMCC, the company is registered in Dubai, UAE and operates with a core team of 11-50 employees, led by founder Dmitry Subbotin alongside a mix of cybersecurity specialists, senior lecturers, and legal experts. Its primary customers are Web3 projects across DeFi, NFT, GameFi, Token, Bridge, Exchange, Wallet, and Cross-chain categories, with named clients including TON, 1inch, DAO Maker, XANA, CrossCurve MetaLayer, and 50+ other projects.

The company's core offering is smart contract auditing using manual review combined with static and dynamic analysis, covering 17+ programming languages including Solidity, Rust, Go, Python, OCaml, Haskell, Plutus, FunC, Michelson, and WebAssembly. Beyond smart contract audits, SmartState provides blockchain protocol audits, web and mobile application audits, and infrastructure security services such as penetration testing, bytecode decompiling, VASP infrastructure audits, and node load testing. A differentiated add-on product, Antisniper, defends crypto projects at IDO and DeFi launch against sniper bots, with reported outcomes of 21 projects protected, 142 bot attacks repelled, and approximately $1.25 million in prevented client losses. The firm takes an engagement model that goes beyond checklist-based auditing by reviewing documentation, code logic integrity, and consistency with project goals, followed by post-audit support to verify issue resolution.

SmartState operates a B2B professional services model with quote-based, custom-scoped engagements per project. Pricing is not publicly disclosed and there are no tiered subscription plans; the sales motion is enterprise field sales driven by website contact forms, direct email outreach, and relationship-based referrals. Reports are accepted by major crypto exchanges, including Binance and KuCoin which are listed as exchange partners, providing distribution credibility. The company is bootstrapped with no disclosed institutional funding, and supplemented revenue through a content-driven marketing strategy across blog, Medium, Twitter/X, LinkedIn, and Telegram, supported by industry recognition including the Best Security Audit Company award at WOW Summit 2022.

Name

SmartState

Legal name

SMART STATE DMCC

Website

https://smartstate.tech

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

SmartState is a Dubai-based Web3 cybersecurity firm founded in 2019 that provides manual, static, and dynamic smart contract audits, infrastructure security services, and Antisniper launch protection to DeFi, NFT, GameFi, and other blockchain projects globally.

Ownership category

akta.pro rank

Product category

Blockchain Security Services

NAICS

Security Systems Services (56162)

SIC

Services-Computer Programming Services (7371)

akta.pro primary industry

Smart Contract Auditing & Formal Verification (FSAPAJAA)

akta.pro secondary industries

Smart Contract Security Tooling (static/dynamic analysis, formal verification) (FSAPABAI), Digital Asset Risk, Security & Audit Tooling (Smart Contract Audit, Threat Monitoring) (FSAGAMAJ), Security Testing Tooling (SAST/DAST for smart contracts, fuzzing) (FSAPAJAK)

Keywords

• Smart contract audits
• Blockchain security
• Web3 security
• Penetration testing
• Antisniper protection

Headquarters

HQ city

Dubai

HQ country

United Arab Emirates

HQ region

Middle East

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. Smart Contract Audits: Manual, static, and dynamic smart contract audits for NFT, DeFi, GameFi, Wallet, Token, Bridge, Exchange, and other blockchain project types. Pricing is quote-based and project-specific.
2. Infrastructure Security Services: Penetration testing (black box attack/defense), DApp full audits, VASP infrastructure audits, node load testing, and defense deployment services
3. Antisniper Protection: Sniper bot protection for IDO and DeFi launches with contract deployment and team training. Subscription-like ongoing support during launch phases.
4. Consulting & Support: White paper review, design stage security support (security by design), decentralized system architecture, security consultations, and ongoing security support
5. Web/Mobile App Audits: Web application audits (frontend/backend) and mobile app audits (white box, black box, safety certification compliance)

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels8 records

Core offering

SmartState performs external independent security audits for smart contracts and blockchain projects using manual, static, and dynamic analysis methods. It also delivers infrastructure security services (penetration testing, DApp audits, bytecode decompiling, VASP audits, node load testing) and consulting/support services (white paper review, decentralized system architecture, security-by-design). A proprietary Antisniper contract technology protects crypto projects at IDO/DeFi launch from sniper-type attacks.

Product overview

SmartState is a Web3 security company offering a comprehensive suite of blockchain and smart contract security services. The core offerings include Smart Contract Audits (manual, static, and dynamic analysis for NFT, DeFi, GameFi, Wallet, Token, Bridge, Exchange, and cross-chain mechanics), Blockchain Protocol Audits (infrastructure, consensus mechanics, Byzantine fault tolerance), Web and Mobile Application Audits, Infrastructure Security Services (penetration testing, DApp audits, bytecode decompiling, VASP audits, node load testing), and Consulting & Support. The portfolio is complemented by Antisniper, a specialized add-on module that protects crypto projects during IDO and DeFi launches against sniper-type attacks. These products work together to provide end-to-end security coverage for blockchain projects from development through launch.

Differentiator

Problem solved

Functional benefit

Products and services

• Smart Contract Audits

Quantifiable outcome

• 21 crypto projects defended from sniper-type attacks with Antisniper service
• +2 more outcomes

Named customers25 records

Segments8 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered core and minor.

• EspritocoreStrategic or Co-development Partner · 26 November 2024Strategic collaboration with Esprito, a pioneer in TON on-chain security analytics. Partnership aims to bolster security and reliability of the TON ecosystem. Esprito offers scam detection solution that automatically scans TON smart contracts to detect high-risk transactions. Combined expertise enhances SmartState's TON blockchain security offerings.
• BinanceminorChannel Partner/ Reseller/ DistributorBinance is listed as an exchange partner on SmartState's partners page. SmartState likely provides audit services for projects launching on Binance or seeks distribution credibility through association with the world's largest crypto exchange.
• KuCoinminorChannel Partner/ Reseller/ DistributorKuCoin is listed as an exchange partner. SmartState likely provides audit services for projects on KuCoin or seeks credibility through association with this exchange.
• Sheesha FinanceminorStrategic or Co-development PartnerSheesha Finance is a tokenized venture capital platform. Strategic partnership established to ensure highest level of development security as projects move into the future. Featured in press coverage about partnership.

Scale indicators6 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Consensys Diligence: Audit arm of Consensys; a large incumbent in Ethereum smart contract audits with Mythril tooling, competing for the same protocol and DeFi audits as SmartState.
• Trail of Bits: Larger, broader cybersecurity firm with a dedicated blockchain practice; competes for high-end audits and protocol reviews with deeper tooling investments (Slither, Echidna) than boutique firms.
• OpenZeppelin: Combines open-source smart contract libraries with a security services arm; competing audit team plus Defender monitoring product maps closely to SmartState's audit + Antisniper combination.

Direct peers

• CertiK: Largest dedicated smart contract audit and blockchain security firm; directly comparable core offering (manual + formal verification audits) with Skynet monitoring as a productized extension analogous to SmartState's Antisniper.
• Hacken: Web3 cybersecurity firm offering smart contract audits, penetration testing, and ongoing monitoring - overlapping service mix including tokenomics review and exchange-side audits, similar mid-market positioning.
• PeckShield: Blockchain security company focused on smart contract audits, vulnerability disclosure, and on-chain threat monitoring - directly competes for the same DeFi/NFT/GameFi audit engagements.
• SlowMist: Blockchain security firm offering smart contract audits, penetration testing, and Anti-money laundering solutions, with strong coverage of multi-chain (Ethereum, BSC, Solana, etc.) ecosystems mirroring SmartState's multi-chain positioning.
• Quantstamp: Smart contract audit and security solutions provider with both manual auditing and automated tooling (VaaS) - competes in the same audits-as-service category with similar multi-chain exposure.
• ChainSecurity: Smart contract audit firm founded by academic researchers with formal verification expertise; competes for high-value protocol audits where mathematical rigor (rather than checklist) is the differentiator - similar to SmartState's manual multi-language approach.

Emerging players

• Solidified: Audit marketplace and contest platform where independent auditors compete to review contracts; represents an alternative procurement model that pressures traditional audit firms like SmartState on pricing and discovery.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/smartstatetech
• LinkedInlinkedin.com/company/smartstate

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 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 SmartState