Hypernative, an Herzeliya, Israel-based provider of a platform of AI-powered security products for web3 devolpers, raised $16M in Series A funding.
The round, which brought the total raised to $27M, was led by Quantstamp with participation from Bloccelerate VC, boldstart ventures, Borderless Capital, CMT Digital, IBI Tech Fund, Knollwood Investment Advisory, and Re7 Capital, and some angels.
The company intends to use the funds to expand into new security stack verticals, build a Web3 security network, extend its reach globally, grow its team, and establish real-time monitoring and response as a standard security practice.
Led by Gal Saige, CEO, Hypernative provides a real-time monitoring, risk detection, and automated response solution that identifies the majority of attacks with accuracy and gives its users precious minutes to respond before exploits can do damage. Now, more than 100 Web3 projects use it for their security, including Balancer, Blockdaemon, Chainalysis, Chainlink, Circle, Consensys, Ethena, Etherfi, Fidelity, Galaxy, Linea, Quantstamp, Solana, Starknet, and Uniswap.
Over the past year, Hypernative Platform tripled its network coverage to more than 40 chains and added 100’s of new detectors to identify the industry’s largest set of risks over a number of categories. The team has also launched Hypernative Security Oracle, a precision inline solution for keeping attackers out without degrading the experience for the rest of the users, and Hypernative Screener, which screens addresses and correctly identifies risks prior to authorizing transactions.
FinSMEs
04/09/2024