Hypernative Raises $9 Million Seed Investment For Crypto Security
Key Points:Hypernative is a provider of crypto security and received a seed round of funding of $9 million from cryptocurrency firms such as Nexo, Blockdaemon and Alchemy.
Hypernative’s technology tracks both on-chain as well as off-chain data in real-time to detect any exploit threat.
Hypernative now focuses on blockchain protocols and networks as well as cryptocurrency hedge fund strategies. He stated that Hypernative has attracted several funds managing “hundreds and millions of dollars” as clients.
Hypernative, which provides crypto security, has received a seed round of funding of $9 million from cryptocurrency firms such as Nexo, Alchemy, Blockdaemon and Nexo. According to a news release CMT Digital and Borderless also participated, which was managed by Boldstart Ventures, IBI Tech Fund, and Boldstart Ventures. Gal Sagie, founder and CEO of Hypernative, stated that the company began raising money in March and closed the round in May. The round was led by Boldstart Ventures and IBI Tech Fund. According to Sagie, this allows the platform to detect signs of potential breaches and alert users before they occur.
Sagie stated, “I think the biggest thing we have unlocked it is that there isn’t any post-deployment monitoring or real-time prevention hacks and exploits.”
Sagi clarified that most security measures in crypto today are manual audits that don’t account to changes in risk after deployment. He also said that the system would have given warning 17 minutes prior to the attack on Audius. According to Chainalysis, the number of crypto hacks increased rapidly last year and reached $3 billion in total funds stolen.
“Until now, there have been no systems that can accurately predict hacks and provide actionable advice to stop them. “The opportunity for Hypernative is huge as stopping zero-day hacks will go a long ways towards rebuilding trust within the crypto ecosystem,” stated Ed Sim, founder of Boldstart Ventures, in a statement announcing this funding round.
According to Sagie Hypernative now focuses on blockchain networks and protocols, as well as cryptocurrency hedge fund management. According to Sagie, Hypernative has attracted funds managing “hundreds and millions of dollars” as clients. We encourage you to do your research before investing.Join us to keep track of news: https://linktr.ee/coincuWebsite: coincu.comAnnieCoincu NewsTags: BorderlessCMT DigitalCrypto HacksCrypto SecurityHypernative