Hypernative Raises $40 Million to Expand Web3 Security Platform

Hypernative, a prominent crypto security startup, has successfully raised $40 million in its Series B financing round. This significant investment was co-led by Ten Eleven Ventures and Ballistic Ventures, with additional support from StepStone Group, and existing investors boldstart ventures and IBI Tech Fund. The funds will be directed towards expanding the company’s security offerings to include fraud prevention and wallet-level transaction protection, aiming to create a comprehensive end-to-end security platform for the Web3 ecosystem. The investment will also support the enhancement of AI models through the acquisition of high-quality training data and the growth of the team to provide expert-driven risk analysis and customer support.

In 2024, Hypernative detected over $2.2 billion in losses from hacks, exploits, phishing, and fraud, marking a 22% increase from the previous year. Following the $1.4 billion Bybit hack in February, the industry is on track for another record-breaking year of security failures. Hypernative’s AI-powered detection system responds to threats in real time, securing transactions and building trust across the Web3 ecosystem. The platform, used by over 200 customers to protect more than $100 billion in assets, continues to evolve through ongoing integrations. With recent expansions into wallets, exchanges, and payment providers, Hypernative is contributing to a more unified approach to Web3 security.

Gal Sagie, Co-founder and CEO of Hypernative, emphasized that Web3 is at a critical juncture with emerging regulations and accelerating institutional adoption. However, security remains the biggest obstacle to mass adoption, and Hypernative is committed to closing this gap. The funding round follows several significant milestones for the company, including more than doubling its network coverage to 60+ chains, enhancing security with hundreds of detectors to identify a wide range of risks. The launch of Guardian, a real-time transaction security solution, and new integration methods for threat intelligence have further solidified Hypernative’s position in the market.

Mark Hatfield, Co-founder and General Partner of Ten Eleven Ventures, highlighted the importance of a robust security layer for the adoption of Web3 technologies. He noted that Hypernative’s approach to real-time threat detection and response positions it as a foundational player in the future of decentralized ecosystems. Barmak Meftah, Co-founder and General Partner of Ballistic Ventures, echoed this sentiment, stating that 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. Hypernative’s innovative and foundational platform is poised to secure the path to mass adoption.

Hypernative’s customer base is diverse, ranging from chains, wallets, and protocols to exchanges, asset managers, and stablecoin issuers. Over 200 Web3 projects already rely on Hypernative for their security, with notable additions including Aptos, Ethereum, Morpho, Movement, Sonic, Star Atlas, Wintermute, and ZKsync. The company’s real-time monitoring, risk detection, and automated response solution identify threats with high accuracy, giving customers precious minutes to respond before exploits can do damage. The platform tracks both onchain and offchain data sources and uses sophisticated machine learning models, heuristics, simulations, and graph-based detections to identify over 300 risk types, from smart contract hacks and bridge security incidents to frontend compromises, market manipulations, and private key theft.