Cube3.AI Raises $8.2M to Secure Web3 Transactions
Cube3.AI, a Palo Alto, Calif.-based web3 transaction security platform provider, has raised $8.2 million in seed funding. The round was led by Blockchange Ventures, with participation from Dispersion Capital, Symbolic Capital, Hypersphere Ventures, ICLUB, and TA Ventures.
Cube3.AI’s platform uses machine learning to continuously monitor and rate every transaction, smart contract, and wallet address with a Risk Score in three categories: fraud, cyber, and compliance. This allows companies to proactively monitor watchlists and set up alerts for real-time notifications of potential threats.
The company’s platform also includes an end-to-end protection platform for web3 applications, called Protect. Protect is powered by a Runtime Application Self-Protection (RASP) technology that blocks cyber exploits, fraud, vulnerabilities, and compliance risks in real time. This helps to protect web3 applications from a wide range of threats, including phishing attacks, denial-of-service attacks, and smart contract vulnerabilities.
Cube3.AI is led by Einaras Gravrock, Founder and CEO. Gravrock is a seasoned security engineer with over 15 years of experience in the cybersecurity industry. He previously founded and led a security consulting firm that specialized in blockchain security.
The funding will be used to expand Cube3.AI’s operations and development efforts. The company plans to hire additional engineers and product managers to support its growth. Cube3.AI also plans to launch new products and services to meet the growing demand for web3 security solutions.
Web3 applications are often targeted by hackers because they store and transmit large amounts of cryptocurrency and other digital assets.
Cube3.AI‘s platform provides a comprehensive solution for protecting web3 applications from a wide range of threats.
Here are a few other startups that are providing web3 security solutions:
- CertiK is a blockchain security company that provides auditing, verification, and certification services for blockchain projects.
- Immunefi is a bug bounty platform for blockchain projects.
- PeckShield is a blockchain security company that provides a variety of security services to blockchain projects, including auditing, penetration testing, and incident response.
Deal Table for Cube3.AI Web 3 security