Israeli startup Hypernative has successfully completed a Series B funding round, raising $40 million to further develop its cybersecurity solutions for Web3 projects. The funds will enable the company to enhance its technological toolkit, implement new features, and expand its team.
This is reported by Бізнес • Медіа
Strategic Investors and Funding Goals
The Series B round was led by investment funds Ten Eleven Ventures and Ballistic Ventures, joined by StepStone Group, Boldstart Ventures, and IBI Tech Fund. Hypernative positions itself as a platform for monitoring, detecting, and preventing threats in the Web3 space, utilizing artificial intelligence, transaction simulation, and deep analysis of the digital landscape to preempt attacks.
As of 2024, the company’s experts have recorded $2.2 billion in losses inflicted by criminals through hacks, phishing, exploits, and fraud in Web3. The platform serves over 200 projects with combined assets exceeding $100 billion, highlighting its significance to the industry.
Technological Advantages and Future Development
Hypernative is actively integrating innovative technologies, including advanced artificial intelligence solutions for real-time detection of cyber threats. The company plans to implement new fraud protection mechanisms at the wallet level, strengthen analytical systems, and significantly expand its team of specialists.
“We know how to classify this preparation and then essentially predict their attacks even before they actually execute them,” said Hypernative’s CTO Dan Kaspi.
The expansion of operations addresses the current market challenges, where issues of information security and protection of digital assets are becoming increasingly relevant for the entire Web3 ecosystem.
It is worth noting that this year, another startup, Noah, raised $22 million in a seed round to develop solutions for secure transfers in stablecoins, indicating a growing interest in innovations in the field of financial security.