Hypernative, a leader in Web3 security solutions, has successfully secured a $16m Series A funding round.
The company, renowned for its advanced AI-powered security products, is on a mission to safeguard all elements within the Web3 space, including projects built, run, or owned by their clients.
The funding was led by Quantstamp and saw participation from a consortium of investors including boldstart ventures, IBI Tech Fund, CMT Digital, Bloccelerate, Borderless, and others. This investment pushes Hypernative’s total funding to $27m, marking a significant step in its growth journey.
Hypernative operates at the forefront of cybersecurity for blockchain technology, offering real-time monitoring, risk detection, and automated response capabilities. These solutions are crucial for identifying and mitigating attacks before they cause irreparable financial and reputational damage. Currently, the platform supports over 100 Web3 projects, including prominent names such as Balancer, Chainalysis, and Uniswap.
The newly acquired funds will be utilized to broaden the company’s security services across new verticals and enhance its existing Web3 security network.
Gal Sagie, co-founder and CEO of Hypernative, said, “To make Web3 hacks a thing of the past, we need to combine smart contract audits and bug bounties with an active security component. We already have some of the biggest and most influential projects leading the way by choosing Hypernative.”
In a statement, Richard Ma, Founder and CEO of Quantstamp, praised Hypernative’s innovative approach: “Hypernative is building solutions that fill a critical gap in the security space today. We always say audits are not enough on their own to keep protocols secure, so solutions like Hypernative’s threat detection system provide a necessary extra layer of protection that has already saved millions of dollars worth of digital assets.
“We’re thrilled to support their continued growth and success in revolutionizing the way we approach blockchain security.”
Keep up with all the latest FinTech news here.
Copyright © 2024 FinTech Global
Copyright © 2018 RegTech Analyst
