Hypernative, an early-stage cybersecurity startup headquartered in Tel Aviv, closed at $40 million in Series B investment. This investment is going to supercharge its mission to become Web3’s frontline defense system. The company, led by CEO and co-founder Gal Sagie, specializes in detecting and neutralizing threats in real time, preventing potential damage before it occurs. This latest funding round will enable Hypernative to build on its growing capabilities to prevent fraud. They will improve transaction protection at the wallet level, advancing their mission of making a safer crypto world.

Hypernative’s tools provide the most powerful competitive edge developers have had in recent memory. They offer minutes of lead time before bad transactions are made or smart contracts are hacked. These tools help actively defend against attacks like the Bybit hack that occurred in February of this year. The loss from that incident was a jaw-dropping $1.4 billion and it inspired widespread fear across the entire crypto landscape. The investment will further fund Hypernative’s mission to protect Web3 ecosystems.

This Web3 company’s proactive attention to this challenge demonstrates an essential commitment to the growing needs of our fast-paced Web3 environment. Hypernative’s technology is focused on proactively identifying and diffusing threats before they spiral, saving significant financial and reputational damage from being incurred. Prior to this Series B round, Hypernative raised $16 million in Series A financing. This moves its total funding to an admirable $56 million.

Web3 is at an inflection point. - Gal Sagie, Hypernative’s CEO and co-founder.

In Sagie’s view, a wave of more sophisticated attacks is forcing a critical re-evaluation of digital security across the Web3 landscape. Tools like Hypernative’s real-time threat detection and prevention are integral to protecting the integrity and security of blockchain networks.

Clear regulation is finally emerging, and institutional adoption is accelerating led by stablecoins and tokenized assets. But security remains the biggest blocker to mass adoption." - Gal Sagie, Hypernative’s CEO and co-founder.