Israeli Web3 security company Hypernative has successfully raised $40 million in a Series B funding round, marking a significant milestone in its mission to enhance security within the blockchain and cryptocurrency ecosystem. The funding round was co-led by prominent cybersecurity investors Ten Eleven Ventures and Ballistic Ventures, with participation from StepStone Group and existing investors such as boldstart ventures and IBI Tech Fund.
Founded in Tel Aviv, Hypernative specializes in real-time threat prevention for Web3 platforms, addressing critical security challenges that hinder mass adoption of blockchain technologies. The company’s innovative platform monitors both on-chain and off-chain data sources, utilizing advanced machine learning models and simulations to detect over 300 types of risks, including smart contract hacks, bridge security incidents, and market manipulations.
The fresh capital will be used to expand Hypernative’s team and further develop its AI-powered security solutions, which are already protecting over $100 billion in digital assets. This investment comes at a time when the Web3 space faces increasing cyber threats, making Hypernative’s services more vital than ever to ensure trust and safety in the ecosystem.
Hypernative’s CEO emphasized the importance of this funding in scaling their operations globally and tackling the root causes of crypto’s trust issues. By providing automated risk detection and response mechanisms, the company aims to give users and businesses precious time to mitigate threats before they cause significant damage.
This Series B round underscores the growing investor confidence in Web3 security solutions as the industry continues to mature. Hypernative plans to strengthen its position as a leader in the field by expanding its offerings and forging new partnerships within the blockchain community.
For more information about Hypernative and its cutting-edge security solutions, visit their official website at hypernative.io. As the Web3 landscape evolves, companies like Hypernative are poised to play a pivotal role in shaping a safer digital future.
Maria Lourdes
