Web3 security firm hyper_native has raised $9 million in seed funding. It will use that money to create advanced tech solutions that flag exploits and other security risks before they happen. LizKNapolitano reports
Crypto security company Hypernative is emerging from stealth with $9 million in seed funding, the firm said Monday.
Sagie and fellow co-founder and Chief Technology Officer Dan Caspi said they want to leverage what they’ve learned at top tech companies to assuage the fears of business leaders who struggle to accurately assess security risks in vulnerable spaces like crypto and Web3 and lose out on lucrative business opportunities as a result.
The fear of phishing attacks and other scams are not entirely unfounded. Roughly $4 billion worth of cryptocurrencies was lost to rug pulls, fraud, exploits and other scams in 2022, according to aIt's losses like those that inspired the Hypernative team in September to launch its first product, Pre-Cog, a platform that flags potential threats before they occur by monitoring on- and off-chain data sources.
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