Crypto security startup Hypernative raises $40 million in Series B financing

Crypto security startup Hypernative has raised $40 million in a Series B financing round, according to an announcement on Tuesday. The capital raise was co-led by venture firms Ten Eleven and Ballistic Ventures. 

Hypernative calls itself a “real-time security platform” that has worked with over 200 web3 projects, helping to secure more than $100 billion in value. It provides wallet security, onchain analytics, and transaction simulations.

“In 2024, we detected over $2.2B in losses from hacks, exploits, phishing, and fraud. That’s a 22% jump from the year before,” Hypernative wrote in an X post.

The Tel Aviv, Israel-based team plans to invest in its AI-powered tools and expand its workforce with the new financing, according to the announcement. It previously announced a $16 million Series A funding round in September.