Hypernative, a Web3 security company specialising in real-time threat prevention, has raised $40m in a Series B funding round.
The round was co-led by Ten Eleven Ventures and Ballistic Ventures, with additional participation from StepStone Group, boldstart ventures and IBI Tech Fund.
The company uses AI-powered detection systems to identify and respond to threats as they happen, offering protection against hacks, exploits, phishing, and fraud across the Web3 ecosystem. Hypernative’s platform is currently used by over 200 clients to safeguard more than $100bn in assets, with integrations spanning wallets, exchanges, payment providers, and more.
The new capital will enable Hypernative to broaden its services to include fraud prevention and wallet-level transaction protection, moving closer to its ambition of providing a comprehensive security platform for Web3. It will also support enhancements to its AI models, through greater investment in high-quality training data, and help grow its team to offer deeper expert-driven risk analysis and customer support.
The funding comes at a time of rising security concerns within the Web3 sector. In 2024 alone, Hypernative detected over $2.2bn in losses caused by hacks, scams, and other malicious activity—a 22% increase compared to the previous year. Following the $1.4bn Bybit hack in February, the industry faces yet another year of record-breaking losses.
Over the past year, Hypernative has made significant progress expanding its coverage to over 60 blockchain networks, including Solana and THORChain. The platform’s hundreds of detectors now monitor not only security threats but also financial, compliance, and governance risks. The company has also introduced Guardian, a real-time transaction security feature that simulates transaction outcomes before approval, helping users avoid risks such as blind signing. Further integrations now allow Hypernative’s threat intelligence to be embedded directly into smart contracts, sequencer layers, liquidity pools, staking protocols, and front-end applications.
Hypernative co-founder and CEO Gal Sagie said: “Web3 is at an inflection point: 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—and Hypernative is on a mission to close that gap.”
Ten Eleven Ventures co-founder and general partner Mark Hatfield said: “As leading cybersecurity investors, Ten Eleven recognizes how critical a robust security layer is to furthering adoption of Web3 technologies. Hypernative’s cohesive approach to real-time threat detection and response positions it as a foundational player in the future of decentralized ecosystems. That’s why we are proud to lead the Series B round and look forward to supporting the company through its next stage of growth.”
Ballistic Ventures co-founder and general partner Barmak Meftah added: “Hypernative is tackling the single greatest barrier to Web3’s mainstream future: trust. As attacks grow more sophisticated, the need for proactive, real-time security has never been more urgent. What Gal and the Hypernative team have built is not just innovative, it’s foundational to the next era of the internet. We’re proud to back them as they scale their platform, expand their AI capabilities, and secure the path to mass adoption.”
Elsewhere in the CyberTech space, Guardz, a cybersecurity company focused on serving Managed Service Providers (MSPs) and IT professionals, has raised $56m in Series B funding.
The company offers an AI-native, unified platform designed to help protect small and medium-sized businesses (SMBs) from cyber threats.
The Series B round was led by ClearSky, with new participation from Phoenix Financial and continued backing from existing investors including Glilot Capital Partners, SentinelOne, Hanaco Ventures, iAngels, GKFF Ventures, Lumir and others. This latest funding brings Guardz’s total investment to $84m in just over two years.
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