Crypto Security Startup Cube3.ai Raises $8.2 Million in Seed Funding
Cube3.ai, a cryptocurrency-focused security startup, has raised $8.2 million in seed funding. The fundraising was led by Blockchange Ventures, with participation from Dispersion Capital, Symbolic Capital, Hypersphere Ventures, ICLUB, and TA Ventures. The startup aims to protect smart contracts by blocking malicious transactions.
Key Points:
– Cube3.ai emerged from stealth mode after raising $8.2 million in seed funding.
– The startup uses machine learning and pattern matching to give newly deployed smart contracts a risk score.
– Cube3.ai’s system checks crypto transactions in real time, identifying and declining malicious exploits.
– The company aims to equip decentralized applications and smart contracts with the ability to identify and prevent exploits, allowing them to process legitimate transactions.
– Cube3.ai’s founder and CEO, Einaras Gravrock, was motivated by the wave of crime that often accompanies waves of innovation in the crypto sector.
With its innovative approach to protecting smart contracts and preventing malicious transactions, Cube3.ai aims to address the security challenges faced by public blockchain-based systems and decentralized finance (DeFi). By providing real-time evaluation and protection, the startup aims to create a safer environment for crypto transactions and applications.
Hot Take: Cube3.ai’s Real-Time Protection for Smart Contracts is a Game-Changer
Cube3.ai’s use of machine learning and pattern matching to identify and decline malicious exploits in real time is a significant advancement in crypto security. By equipping smart contracts and decentralized applications with this level of protection, Cube3.ai is offering a valuable solution to the ongoing security challenges in the crypto sector. With the rise of DeFi and increasing financial incentives for hackers, the need for robust security measures has never been more critical. Cube3.ai’s approach has the potential to greatly enhance the security of crypto transactions and applications, providing peace of mind for users and helping to build trust in the sector.
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