Co-Founder and CEO of Hypernative Gal Sagie (Linkedin)
Israeli cybersecurity startup Hypernative offers a suite of AI-powered security products that it boasts makes crypto safer for all participants. Hypernative Raised $16 Million in a Series A Round of funding to “make Web3” hacks a thing of the past.”
Hypernative said its team will use the additional capital to expand into new security stack verticals and to build a Web3 security network. The financing will also allow Hypernative to expand globally, grow its team and establish real-time monitoring and response as a standard security practice.
Web3 security is a complex and evolving field that encompasses the protection of digital assets, applications, and networks within the decentralized ecosystem. It’s a critical aspect of ensuring the trust and integrity of Web3 technologies, such as blockchain, cryptocurrencies, and decentralized finance (DeFi).
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Hypernative, a real-time monitoring, risk detection, and automated response solution, debuted in September 2022. It quickly established itself as the industry leader, capable of accurately identifying the vast majority of attacks and providing users with crucial minutes to react before breaches could cause significant harm.
Today, Hypernative is the trusted security partner for over 100 Web3 projects, including prominent names like Balancer, Blockdaemon, Chainalysis, Chainlink, Circle, Consensys, Ethena, Etherfi, Fidelity, Galaxy, Linea, Quantstamp, Solana, Starknet, and Uniswap.
Over the past year, Hypernative Platform tripled its network coverage to more than 40 chains and added 100’s of new detectors to identify the industry’s largest set of risks over a number of categories. The team has also launched Hypernative Security Oracle, a precision inline solution for keeping attackers out without degrading the experience for the rest of the users, and Hypernative Screener, which screens addresses and correctly identifies risks prior to authorizing transactions.
“Almost everyday our system detects exploits that result in millions of dollars in losses and incalculable brand damage, most of which is entirely preventable,” said Gal Sagie, co-founder and CEO of Hypernative. “To make Web3 hacks a thing of the past, we need to combine smart contract audits and bug bounties with an active security component. We already have some of the biggest and most influential projects leading the way by choosing Hypernative.”
