Web3 firm Cubist lands $7m in seed raise


Cubist, a security-focused Web3 dev tools provider, has scored $7m in a seed funding round headed by Polychain Capital.

Also taking part in the funding round were Amplify Partners, dao5, Blizzard, Axelar and Polygon.

Cubist claims it makes Web3 development efficient, seamless, and safe. Through its modular set of security-focused dev tools, Cubist brings software engineering best practices to the entire lifecycle of a dApp—from Continuous Integration (CI) testing to push-button deployment backed by secure credential management.

This secure-by-design tooling empowers developers to design applications without needing to navigate complex interfaces and infrastructure.

Cubist’s first offering is its newly released, open-source software development kit (SDK), the first SDK designed for multi- and cross-chain development and testing. Cubist’s SDK allows users to write cross-chain dApps as if they run on a single chain and change chains or bridge providers with a single line of configuration. The team is also building enterprise security offerings.

Cubist co-founder and CEO Riad Wahby said, “The future of Web3 will be powered by dApp developers building amazing applications. However, this future will not be possible if developers must continue to build custom tooling and infrastructure, stitch together incompatible point solutions, and lose sleep over the security of their tech stacks. This stifles innovation and leads to serious security vulnerabilities.

“We’re building Cubist to break this bottleneck and let developers focus on delivering the best, most secure applications possible. Cubist’s obsessive focus on helping developers efficiently and securely build dApps will set the standards for both safety and productivity, and we can’t wait to help build the future of Web3.”

Cubist COO and co-founder Ann Stefan added, “Even some of the most exciting innovations in Web3 have suffered from technical mistakes that are easy to make, expensive to find, and hard to fix. The problem is that developers simply don’t have the tools they need to prevent these critical errors. Cubist takes a security-first approach that gives developers peace of mind at every stage of development. With the support of our investors and community, we look forward to making Web3 a safe, fruitful place for builders.”

Revelstoke Security, the creator of a security orchestration, automation and response platform, recently secured $20m in a Series B funding round.

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