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Trail of Bits

Elite security research firm specializing in source code review, blockchain auditing, and building industry-standard open-source security tools.

Featured in: Best Cloud Pen Testing Providers

Founded
2012
Team Size
51-200
Geography
Global
Last verified: Feb 2026

About

Trail of Bits is a highly specialized cybersecurity research and consulting firm headquartered in New York City, widely regarded as one of the foremost authorities on software assurance, source code review, and blockchain security. Founded in 2012 by Dan Guido, the company has built an extraordinary reputation for deep technical analysis that extends far beyond traditional penetration testing into the realm of formal verification, program analysis, and cryptographic review.

Trail of Bits is perhaps best known for their extensive work in blockchain and smart contract security, having audited many of the most prominent cryptocurrency protocols and DeFi platforms. Their team develops and maintains numerous open-source security tools including Slither, Echidna, and Manticore, which have become industry standards for smart contract and binary analysis.

Beyond blockchain, Trail of Bits provides application security assessments, source code reviews, cloud infrastructure reviews, and cryptographic implementations analysis for organizations ranging from startups to government agencies. Their consultants include PhD researchers, former CTF champions, and published authors who approach security from a deeply academic yet practical perspective. The firm's work product is known for exceptional depth and rigor, making them the choice for organizations where the consequences of security failures are severe.

Compliance Expertise

Best For

EnterpriseStartup

Methodologies

OWASPPTES

Team Activity

Active in CTF competitions (Multiple alumni from top CTF teams)
Speaker: Black Hat
Speaker: DEF CON
Speaker: Real World Crypto
Speaker: CCC
Open source: Slither
Open source: Echidna
Open source: Manticore
Open source: Medusa
Open source: Building Secure Contracts

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