Hypernative Secures $40M in Series B to Enhance Blockchain Security

In an era where blockchain technology is increasingly susceptible to breaches, Ten Eleven Ventures has made a strategic investment in Hypernative, a company devoted to real-time blockchain security solutions. The need for solid security mechanisms is more pressing than ever, given that $2.2 billion were lost in blockchain exploits just in 2024. Hypernative recently raised $40 million in a Series B funding round to revolutionize Web3 security with advanced threat detection and mitigation capabilities. Their platform functions as a real-time EDR for blockchain, incorporating SOAR and incident response features. The company has already attracted over 200 customers including major players like Uniswap, Solana, and eToro. With a near-zero false positive rate, Hypernative has prevented about $2 billion in potential losses. Ten Eleven's investment aligns with their focus on enhancing security in emerging technologies, alongside fellow investor Ballistic Ventures. Led by co-founders Gal Sagie and Dan Caspi, Hypernative is poised to address the pivotal security challenges facing blockchain ecosystems.