Hypernative, a real-time security solution for the Web3 ecosystem, has announced a $40 million Series B funding round. The round was led by Ten Eleven Ventures, with participation from Ballistic Ventures. This significant investment will fuel Hypernative's expansion of its platform to include comprehensive fraud prevention and wallet-level transaction protection, enhancing its already robust AI-powered threat detection capabilities. The company aims to create a truly end-to-end security platform, addressing the critical need for enhanced security in the rapidly growing Web3 space.
Hypernative's platform currently protects over $100 billion in assets for more than 200 customers, ranging from major exchanges and wallets to individual protocols. The company's technology utilizes AI to detect and respond to threats in real-time, mitigating losses from hacks, exploits, and fraud. This new funding will also support the expansion of its team and further development of its AI models through investment in high-quality training data.
The investment comes at a crucial time for Web3, as the industry faces increasing security challenges and a growing need for robust security solutions. Both lead investors highlighted the critical role Hypernative plays in building trust and facilitating mass adoption within the Web3 ecosystem. The funding will enable Hypernative to further solidify its position as a leader in Web3 security, addressing the significant security barriers hindering wider adoption.
