CyVers Raises $8M in Funding
- CyVers, a Tel Aviv, Israel-based proactive Web3 security application provider, raised $8M in funding
- The round was led by Elron Ventures, with participation form Crescendo Venture Partners, Differential Ventures, HDI, Cyber Club London, and Cyber Future
- The company intends to use the funds to bring proactive security to Web3 economy, clearing way for mass adoption
- The company is a provider of a proactive Web3 Security platform for the centralized, decentralized finance and smart contract applications working via detection and interception of crypto attacks across blockchains
- The company identifies cyber-attacks and carries out corrective measures within milliseconds, moving away from blacklists, code auditing, and fund tracing
