Hypernative, the leading provider of real-time threat prevention in Web3, announced a $40 million Series B financing round co-led by Ten Eleven Ventures and Ballistic Ventures, with participation from StepStone Group and existing investors boldstart ventures and IBI Tech Fund.
The funding will support the expansion of the company’s offering to include fraud prevention and wallet-level transaction protection — key steps toward building an end-to-end security platform for Web3. The funds will also fuel improvements to AI models through increased investment in high-quality training data, and support team growth to provide expert-driven risk analysis and customer support.
In 2024, Hypernative detected more than $2.2 billion in losses due to hacks, exploits, phishing, and fraud — a 22% jump from the previous year. Following the $1.4 billion Bybit hack in February, the industry is on track for another record year for security failures.
Hypernative uses AI-powered detection to respond to threats in real time, promoting secure transactions and building trust within the Web3 ecosystem. The platform, used by over 200 customers to help protect over $100 billion in assets, continues to evolve through ongoing integrations. With its recent expansion into wallets, exchanges, and payment providers, Hypernative helps create a more unified approach to Web3 security.
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Gal Sagie, co-founder and CEO of Hypernative, said: “Web3 is at an inflection point, with clear regulation finally emerging and institutional adoption accelerating, fueled by stablecoins and tokenized assets. But security remains the single biggest barrier to mass adoption. And Hypernative is on a mission to close that gap.”
The financing round follows a number of encouraging milestones for the company:
- Over the past year, Hypernative has more than doubled its network coverage to over 60 chains, including Solana and THORChain, enhancing security with hundreds of detectors to identify the industry’s largest risk set, not only across security, but also financial, regulatory compliance, and governance.
- The launch of Guardian , a real-time transaction security solution that protects against blind signing by simulating the outcome of each transaction before it is approved.
- Furthermore, the team launched new ways to integrate Hypernative’s threat intelligence directly into a project’s contracts or pre-block inclusion with sequencer integrations, front-end apps, liquidity pools, staking, and more.
“As leading cybersecurity investors, Ten Eleven recognizes how critical a robust security layer is to advancing the adoption of Web3 technologies. Hypernative’s cohesive approach to real-time threat detection and response positions the company as a foundational player in the future of decentralized ecosystems. We are proud to lead the Series B funding round and look forward to supporting the company in its next phase of growth,” said Mark Hatfield, Co-Founder and General Partner of Ten Eleven Ventures.
“Hypernative is addressing the single greatest barrier to the mainstream future of Web3: trust. As attacks become more sophisticated, the need for proactive, real-time security has never been more urgent,” said Barmak Meftah, Co-Founder and General Partner of Ballistic Ventures. “What Gal and the team at Hypernative have built is not just innovative, it is foundational to the next era of the internet. We are proud to support them as they scale their platform, expand their AI capabilities, and secure the path to mass adoption.”
Hypernative’s customer base ranges from chains, wallets, and protocols to exchanges, asset managers, and stablecoin issuers. Over 200 Web3 projects already trust Hypernative for security, with Aptos, Ethereum, Morpho, Movement, Sonic, Star Atlas, Wintermute, and ZKsync joining that list earlier this year.
Source: BusinessWire