Hypernative raises $16 million Series A to make crypto safer
Hypernative raises $16 million Series A to make crypto safer
The Israeli startup’s system has helped to save more than $100 million worth of customer funds to date.
Web3 security startup Hypernative has raised a $16 million Series A round for its AI-powered security products.
The round was led by Quantstamp and also included Bloccelerate VC, boldstart ventures, Borderless Capital, CMT Digital, IBI Tech Fund, Knollwood Investment Advisory, Re7 Capital, and some notable angels. This brings the total raised by Hypernative to $27 million.
"Almost everyday our system detects exploits that result in millions of dollars in losses and incalculable brand damage, most of which is entirely preventable," said Gal Sagie, co-founder and CEO of Hypernative. "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."
According to the company, more than 100 Web3 projects currently use its platform, including Balancer, Blockdaemon, Chainalysis, Chainlink, Circle, Consensys, Ethena, Etherfi, Fidelity, Galaxy, Linea, Quantstamp, Solana, Starknet, and Uniswap.
Hypernative said its platform detected 99.5% of hacks last year with less than 0.001% false positive rate. In 99% of the cases, the attacks were detected more than 2 minutes before the first transaction. The system helped save more than $100 million worth of customer funds to date.
