Hypernative Secures $40M Series B to Advance Web3 Security Solutions
Deal News | Jun 10, 2025 | Ten Eleven Ventures LLC
Hypernative, a prominent player in real-time threat prevention for Web3, has successfully secured $40 million in a Series B funding round led by Ten Eleven Ventures and Ballistic Ventures, with additional participation from StepStone Group, boldstart ventures, and IBI Tech Fund. This funding will enable Hypernative to expand its security offerings to include fraud prevention and wallet-level transaction protection, aiming for a comprehensive security platform for Web3. Hypernative seeks to enhance its AI capabilities by investing in high-quality training data and scaling its team. With approximately 200 customers already relying on their technology to safeguard over $100 billion in assets, the company aims to broaden its integrations within wallets, exchanges, and payment providers. Hypernative's CEO, Gal Sagie, emphasized the critical role of security in driving Web3 adoption. The company has made strides by extending coverage to over 60 chains and launching Guardian, a real-time transaction security solution. Ten Eleven Ventures and Ballistic Ventures recognize Hypernative as crucial in creating trust and security in Web3 ecosystems, underpinning their decision to support this funding round.
Sectors
- Cybersecurity
- Web3 Technology
- Venture Capital
Geography
- United States – Ten Eleven Ventures and Ballistic Ventures, both U.S.-based firms, are prominently featured in the article as co-leaders of the funding round for Hypernative.
- Global – The article’s scope involves global Web3 technology advancements and cybersecurity solutions, indicating a broader geographical influence.
Industry
- Cybersecurity – The article discusses Hypernative's efforts to enhance security in Web3 through real-time threat prevention and AI-driven detection, aligning with the cybersecurity industry.
- Web3 Technology – The focus of the article is on advancing security measures for Web3, a new iteration of the internet that emphasizes decentralization and blockchain technology.
- Venture Capital – The article details a Series B funding round led by venture capital firms Ten Eleven Ventures and Ballistic Ventures, indicating involvement in the investment sector.
Financials
- $40 million – Total amount raised by Hypernative in the Series B funding round.
- $100 billion – The value of assets that Hypernative's platform helps protect across its customer base.
- $2.2 billion – The value of losses detected by Hypernative in 2024 due to hacks, exploits, and fraud.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Hypernative | Target Company | Company | A leading provider of real-time threat prevention solutions in the Web3 ecosystem, focusing on security innovations. |
| Ten Eleven Ventures | Lead Investor | Company | A stage-agnostic investment firm focusing on cybersecurity, co-leading Hypernative's Series B funding round. |
| Ballistic Ventures | Lead Investor | Company | An investment firm dedicated to early-stage cybersecurity companies, co-leading the funding round for Hypernative. |
| StepStone Group | Investor | Company | A private markets investment firm participating in Hypernative's Series B funding round. |
| boldstart ventures | Investor | Company | A venture capital firm with previous investment in Hypernative, participating in the Series B round. |
| IBI Tech Fund | Investor | Company | A technology-focused investment fund, participating in Hypernative's Series B funding round. |
| Gal Sagie | Co-founder and CEO | Person | Co-founder and CEO of Hypernative, providing insight into the company's mission and growth described in the article. |