What does Hypernative do?
Hypernative is a provider of real-time threat prevention in Web3. The company offers a comprehensive platform that employs machine learning, heuristics, simulations, and graph-based detections to monitor both onchain and offchain data, identifying over 300 risk types such as smart contract hacks and market manipulations.
How much did they raise?
The company raised $40M in Series B funding, led by Ten Eleven Ventures and Ballistic Ventures, with participation from StepStone Group, boldstart ventures, and IBI Tech Fund.
What are their plans for the money?
The funds will be used to expand the company’s offering by incorporating fraud prevention and wallet-level transaction protection, aiming to provide enhanced security measures for its growing base of over 200 Web3 projects including chains, wallets, protocols, exchanges, and asset managers.
What have they achieved so far?
Hypernative has already made significant inroads in the Web3 security space, with more than 200 projects relying on its solution, including well-known names like Aptos, Ethereum, Morpho, and Wintermute.