Golden Finance reports that the Web3 security field has witnessed significant financing progress, with Hypernative successfully completing a $40 million Series B financing round. This round of financing was led by Ten Eleven Ventures and Ballistic Ventures, with active participation from many institutions such as StepStone Group, Boldstart Ventures and IBI Tech Fund.
As an important player in the Web3 security race, Hypernative’s platform plays a crucial role. This platform focuses on conducting comprehensive monitoring of on-chain and off-chain data after the protocol is deployed to the blockchain. By applying advanced artificial intelligence and machine learning tools, it accurately identifies over 200 types of risks. Whether it is potential threats such as smart contract hacking attacks, bridge security risks, or market manipulation, they can all be keenly detected, providing a strong guarantee for the safe and stable operation of the Web3 ecosystem.
Looking back on Hypernative’s financing journey, it has been favored by capital since its establishment. On January 30, 2023, Hypernative successfully completed a seed round of financing of 9 million US dollars. This round of financing was led by Boldstart Ventures and IBI Tech Fund. Blockdaemon, Alchemy, Borderless, CMT Digital, Nexo and some angel investors made strategic investments, injecting key funds into the company’s start-up and early development. By 2024, Hypernative seized the opportunity and announced the completion of A $16 million Series A financing round, led by Quantstamp. Bloccelerate VC, Boldstart Ventures, Borderless Capital, CMT Digital, IBI Tech Fund, Re7 Capital, etc. participated in the investment, bringing the total financing amount of the company to 27 million US dollars. It has further promoted the company’s progress in technology research and development, team building, and market expansion.
In the current booming Web3 industry, security issues have always been the key factor restricting its further development. As the application scenarios of blockchain technology continue to expand, from decentralized finance (DeFi) to non-fungible tokens (NFTS), and then to various Web3 applications, the risks brought by security vulnerabilities are increasing day by day. Smart contract vulnerabilities may lead to the instantaneous theft of user assets, bridge security issues may trigger cross-chain transaction crises, and market manipulation behaviors have further undermined the fairness and healthy ecosystem of the market. The “real-time” risk monitoring platform provided by Hypernative is like a security guard in the Web3 world, capable of detecting potential risks before hacker attacks occur, giving users sufficient time to take action and prevent problems before they happen.
This $40 million Series B financing round will inject strong impetus into the continuous development of Hypernative. The funds will mainly be invested in the technological research and development level to further optimize its risk monitoring platform and enhance the performance of artificial intelligence and machine learning models. Through more advanced algorithms and technical means, Hypernative will be able to identify and respond to the constantly changing Web3 security threats more accurately and efficiently, providing users with more reliable security protection. In terms of team building, Hypernative plans to use this fund to attract more professional talents in the industry, covering multiple fields such as security experts, data scientists, and engineers, to expand the team size and enhance the overall strength of the team, in order to address the increasingly complex Web3 security challenges. In addition, Hypernative will intensify its marketing efforts, enhance brand awareness, and actively establish in-depth cooperative relationships with more Web3 project parties, exchanges, etc., to promote its security solutions to a broader market and help the Web3 industry build a more secure and reliable ecological environment.
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