Hypernative, based in Herzeliya, Israel, has secured $16M in Series A funding to bolster its web3 security platform.

The funding round was led by Quantstamp, with participation from Bloccelerate VC, boldstart ventures, Borderless Capital, CMT Digital, IBI Tech Fund, Knollwood Investment Advisory, and Re7 Capital, along with some angel investors.

Hypernative plans to use the funds to expand into new security stack verticals, build a comprehensive Web3 security network, grow its team, and establish real-time monitoring and response as a security standard.

Led by CEO Gal Saige, Hypernative’s solution is already utilized by over 100 Web3 projects including Balancer, Blockdaemon, and Chainlink, demonstrating its significant impact on the industry.