Web3 security company Hypernative has completed a $16 million Series A funding round, led by Quantstamp.

ChainCatcher news, Web3 security company Hypernative has completed a $16 million Series A funding round, led by Quantstamp. Bloccelerate VC, Boldstart Ventures, Borderless Capital, CMT Digital, IBI Tech Fund, Re7 Capital, and others participated. Hypernative's total funding has reached $27 million.

Hypernative offers a "real-time" risk monitoring platform designed to detect issues before a hacker attack occurs, giving users time to take action before any damage is done. The company states that its platform monitors on-chain and off-chain data, using artificial intelligence and machine learning tools to identify over 200 types of risks, including smart contract hacks, bridge security issues, and market manipulation.