Co-led by Ten Eleven Ventures and Ballistic Ventures—and joined by StepStone Group, Boldstart Ventures, and IBI Tech Fund—the round comes as Web3 platforms face an unrelenting wave of exploits, scams, and targeted hacks. And the stakes? In 2024 alone, Hypernative’s tech helped track $2.2 billion in losses tied to hacking, phishing, and outright fraud—numbers that would make even the most hardened security teams shudder.
What makes Hypernative stand out isn’t just the war chest. The company now serves 200+ Web3 projects (with a jaw-dropping $100 billion in assets under management) and blends machine learning, transaction simulation, and granular on-chain analytics to detect attacks before the damage is done. In the words of CTO Dan Kaspi, “We know how to identify the early signals—then we get ahead of the curve, often before attackers even make their move.” That’s not just marketing; it’s the new baseline for security in a world where smart contracts are only as safe as their weakest block.
With the fresh $40M in hand, Hypernative is doubling down: expanding wallet-level fraud prevention, sharpening their AI threat intelligence, and growing the team to meet demand from an industry that’s frankly tired of being blindsided. It’s a major signal that “good enough” security is no longer enough—especially when nearly every major protocol has a target on its back.
This funding round lands on the heels of other big moves in fintech security: earlier this month, Noah raised $22 million in seed funding to build out stablecoin-based payment rails—another sign that investors see huge potential in next-gen blockchain security solutions.