Israeli startup Hypernative, specializing in cybersecurity for Web3 projects, has announced the successful completion of a Series B funding round, in which the company raised $40 million. The funds will be used to enhance technological solutions and expand the team.
This is reported by Finway
Platform for Preventing Cyber Threats in Web3
Hypernative has developed a platform that enables real-time detection, tracking, and prevention of cyber threats. The service utilizes innovative tools such as artificial intelligence, transaction simulators, and deep analysis of the online space to warn against potential attacks and fraud in the Web3 industry. To date, over 200 projects with managed assets totaling $100 billion are utilizing Hypernative’s solutions.
According to official information, in 2024, the company’s experts recorded $2.2 billion in losses caused by hacks, phishing, exploits, and other types of fraud in the Web3 sector. The investment round was led by Ten Eleven Ventures and Ballistic Ventures, along with StepStone Group, Boldstart Ventures, and IBI Tech Fund.
“We know how to classify this preparation and then essentially predict their attacks even before they actually execute them,” said Hypernative’s Chief Technology Officer, Dan Caspi, in a comment.
Future Development and Plans of the Startup
The raised funding will allow Hypernative to expand the platform’s functionality, including implementing fraud protection solutions at the wallet level, enhancing artificial intelligence-based tools, and increasing the team of specialists. The company plans to continue developing preventive security measures for the Web3 market.
As a reminder, earlier the startup Noah raised $22 million in a seed round for developing stablecoin transfer services.