"Drosera Raises $4.75M to Fortify Ethereum's DeFi Security"

Drosera, a pioneering Ethereum-aligned security automation layer, has raised $4.75 million in its latest funding round. The company, positioned as the immune system for Ethereum, aims to set a new standard for protocol security in the decentralized finance (DeFi) space.

The funding round was led by Greenfield Capital, with participation from prominent funds such as Anagram, UDC, and Pulsar, as well as multiple angel investors. These investors include Jan Baeriswyl, Luke Hackett, Felix Lutsch, Max from DeFine Logic Labs, Diogo Costa, Yaroslav Pshenitsyn, Peter Kim, Mara Schmidt, Daniel and Abhishek from Swell Labs, Anuj Shankar, and Collin Myers.

Samuel Glenn (Bobafetador), co-founder and CTO of Drosera, expressed his enthusiasm about the support from esteemed investors. He stated, "Drosera acts as Ethereum’s immune system by arming protocols with the ability to detect and neutralize threats before they can cause harm. By significantly reducing the risk of exploits, we are building a more resilient and trustworthy DeFi ecosystem."

Fernando Reyes (FDR), Founder and CEO of Drosera, highlighted the significance of this funding round. He said, "This raise is a pivotal milestone for Drosera as we continue our mission to redefine security standards within the decentralized finance space. This funding will enable us to scale and push the boundaries of what’s possible in protocol security, ensuring that every project built on Ethereum can operate with greater resilience against the ever-evolving landscape of cyber threats."

Drosera's innovative approach enables protocols to delegate security infrastructure to a decentralized network of node operators. This system functions similarly to antibodies in a biological immune system, identifying and neutralizing threats in real time to safeguard the network. Protocols create customizable smart contracts called Traps, which define application security parameters. These Traps are monitored by third-party operators using the Drosera Client, who must execute an emergency response upon detection of a breach.

Drosera's system aligns incentives across protocols and operators, creating a new economy for web3 security. The network has already gained significant traction, with over 25 protocols committed to its Testnet, including Ion Protocol, EtherFi, and Gravita. It has