Hypernative Secures $9M to Strengthen Crypto Security Against Web3 Threats

Hypernative, a startup working to make blockchain security more user-friendly and easier to use, has raised $9 million in seed funding. The company was founded by Gal Sagie and Finian Cunningham, who want to make blockchain security easy for people without requiring technical know-how. Sagie told TechGround that the aim is “to simplify things significantly so that we can help drive widespread adoption of cryptocurrencies”. Hypernative will use the funds to develop its products further and expand its team.

Hypernative is building the future of marketing. By reinventing how marketing is delivered, they are making it easier for businesses to connect with customers and achieve their goals. Hypernative’s technology automates the process of message deployment and measurement, giving marketers greater insights into how well their campaigns are working. The company has raised $5 million in Series A funding from boldstart ventures and IBI tech fund, with strategic investments from Blockdaemon, Alchemy, Borderless, CMT Digital, Nexo and angel investors.

Hypernative is a software company that creates tools to prevent crypto-related attacks. The company was founded in 2017 by Sagie, who saw the gap between existing tools and the money being lost to scams and theft. Hypernative’s products include a secure wallet, which allows users to store their cryptocurrencies safely, and an IBCT (intelligence-based cryptotoken defense) tool, which helps identify potential phishing emails and protects users from participating in fraudulent activities. Hypernative’s aim is to help protect people from becoming victims of cryptocurrency scams and thefts, thus helping keep people’ investment safe.

Predicting threats before they occur could have a huge impact on business efficiency and safety. With Pre-Cog, the team has already saved users tens of millions of dollars. The platform is still in its early stages, but its success is sure to continue

As the crypto and blockchain industry continues to grow, so too does the need for sophisticated detection tools. startup, Concentrate aims to provide its clients with those tools, through a customer-focused approach that begins by building detection early. Concentrate’s ideal client base includes asset managers, hedge funds traders and market makers who are interacting with cryptoassets and blockchains.

Most users rely on their smartphones to provide notifications when they encounter potential danger. However, some smartphone manufacturers are using artificial intelligence (AI) to detect those dangers before they even happen. For example, Samsung’s SmartThings allows homeowners to monitor and control the devices in their home with just a few taps on their phones. If there is knowledge that an attack is underway nearby, the SmartThings app will immediately notify the user so they can take appropriate precautions- thus helping prevent an attack from happening in the first place.

Hypernative’s prevention workflows aim to solve risks before they happen, and may one day become the cornerstone of risk management. Rather than requiring action from employees or customers, Hypernative’s systems would work in the background to identify and mitigate risks before they cause problems. This could be helpful not only for businesses large and small, but also for individuals who want to take precautions against potential hazards without necessarily dealing with them head-on.

Since the early days of cryptos, there have been periodic sweeps of digital currency by hackers who seek to steal as much money as possible. With an estimated $3.77 billion lost in 2022 due to 134 incidents, this remains a very real concern for those in the space. While crypto markets may be down overall, targeted attacks could still result in significant losses for those not prepared.

The causes of multimillion-dollar losses in the fourth quarter of 2022 were wide-ranging, but some recurring themes included cyberattacks, ransomware outbreaks, and contactless card fraud. These types of losses will continue to be a problem as technology advances and criminals become more savvy. Companies need to keep up with the latest threats and find ways to prevent them from happening in the first place.

Many people believe that hackers do not sleep because they are constantly looking for new ways to exploit vulnerabilities or steal information. Sagie, a former hacker, says this is not always true. She says that sometimes hackers need to take time off in order to recharge their batteries and focus on new projects.

With a lack of pre-emptive security measures, hacks in the crypto industry continue to occur at an alarming rate. This leaves investors and businesses at risk, and there is a big opportunity for improvement given the heightened interest in cryptocurrencies.

In the current cybersecurity landscape, many companies rely on centralized security solutions. This is problematic because centralized systems are not designed to defend against highly targeted attacks. Hackers enjoy when there’s risk and volatility in the market and leverage that, which is a problem we need to solve.

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Ava Patel

Ava Patel is a cultural critic and commentator with a focus on literature and the arts. She is known for her thought-provoking essays and reviews, and has a talent for bringing new and diverse voices to the forefront of the cultural conversation.

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