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Blockchain security startup Hypernative bags $9M to prevent crypto hacks

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Blockchain security startup Hypernative bags $9M to prevent crypto hacks

Hypernative, a cryptocurrency security startup that focuses on protecting against hacks, today said that it has raised $9 million in seed funding to help Web3 companies prevent losses from cyberattacks.

The seed round was led by Boldstart Ventures and IBI Tech Fund, with strategic investments from cryptocurrency firms Blockdaemon, Alchemy, and Nexo, as well as CMT Digital and Borderless and a number of angel investors.

The company created a security platform that uses data both on and off blockchains to predict and prevent potential cyberattacks that target economic, governance and community threats in real time. The company calls its first product the “Pre-Cog” platform because of its ability to capitalize on signals before an attack happens using machine learning models to monitor incoming data.

According to the company, the platform has already detected over 764,000 risks and triggered more than 33,000 alerts on 14,000-plus monitored protocols. It uses its platform to allow its customers to react in real time to potential threats that could affect their crypto assets before or even while an attack might be happening to mitigate any damage that might happen.

“We created Hypernative early last year when we saw huge amounts of money getting stolen or phished or scammed in crypto,” said Gal Sagie, chief executive of Hypernative told Techcrunch. “We saw huge gaps between tools that existed and money being invested, so we wanted to create something to help prevent [attacks].”

According to a report from Immunefi, a bug bounty and security services platform for Web3, the crypto industry lost approximately $3.9 billion due to hacks, fraud and scams in 2022 with cyberattacks representing over 95% of that total. Although many of these attacks could have been prevented by proactively fixing vulnerabilities, it’s not always possible to catch every error or bug in the wild.

This is where Hypernative’s Pre-Cog platform steps in order to warn react and prevent attacks before or as they’re happening. It allows security teams at crypto businesses to receive alerts and act rapidly by exporting the alerts to internal application programming interfaces, Slack, email or Telegram so that engineers can know quickly.

The platform is designed for protocols to enhance security beyond auditing and proactive defense, allowing teams to monitor key metrics and anomalies. For asset managers and traders, it also detects risks in portfolios in advance and real time by identifying potential risks before a transaction is initiated, this means that users can be more confident about their activities. Hypernative is easily integrated into both protocol security controls and trading wallet automated trading systems.

“Until now, there are no systems that not only accurately predict and alert on hacks before they happen but also provide actionable advice to stop them,” said Ed Sim, founding partner at Boldstart Ventures. “The opportunity in front of Hypernative is massive as stopping zero-day attacks will go a long way towards rebuilding trust in the crypto ecosystem.”

Hypernative’s ideal clients include hedge funds, exchanges, asset managers, traders and market managers and anyone who interacts with crypto and blockchain protocols who might end up in a position where they need to react quickly to an attack or any other type of incident.

Photo: Pixabay

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The Top 10 Benefits of Amazon AWS Lightsail: Why It’s a Great Choice for Businesses

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Amazon Web Services (AWS) is a popular cloud computing platform that offers a wide range of services to individuals and businesses alike. One of the services offered by AWS is Amazon Lightsail, which is a simplified and user-friendly way to launch and manage virtual private servers (VPS). In this article, we will discuss the benefits of using Amazon Lightsail for your business.

Cost-effective

One of the primary advantages of using Amazon Lightsail is its cost-effectiveness. The service offers a flat monthly fee for each instance, which makes it easy to predict costs and plan for your budget. Moreover, the pricing is transparent, with no hidden costs or surprises.

Lightsail Pricing

User-friendly

Amazon Lightsail is designed to be user-friendly, making it easy for even non-technical users to deploy and manage virtual private servers. The platform provides a simplified control panel that includes pre-configured software packages, such as WordPress, LAMP, and more. These packages are preconfigured, making it easy to deploy and set up a web application in minutes.

Scalable

Amazon Lightsail is designed to be scalable, which means you can easily upgrade your resources as your business grows. The platform provides a range of instance sizes to choose from, with varying CPU, RAM, and storage options. You can also scale up or down as needed, making it easy to manage your resources and costs.

Reliable

Amazon Lightsail is built on top of the AWS infrastructure, which means it benefits from AWS’s robust and reliable cloud infrastructure. This ensures that your applications and data are always available and accessible, with minimal downtime.

Secure

Amazon Lightsail provides a secure and reliable environment for your applications and data. The platform includes a range of security features, such as built-in firewalls, DDoS protection, and SSL/TLS encryption. Moreover, Lightsail instances are isolated from each other, which provides an additional layer of security.

Integrated with AWS services

Amazon Lightsail is fully integrated with other AWS services, making it easy to use Lightsail with other AWS services such as Amazon S3, Amazon RDS, and more. This integration provides a comprehensive cloud computing platform, enabling you to build and run complex applications.

Quick and easy deployment

Amazon Lightsail provides a quick and easy way to deploy web applications, with pre-configured templates for popular applications such as WordPress, Drupal, Joomla, and more. This makes it easy to deploy a web application in just a few clicks, without the need for technical knowledge.

High-performance

Amazon Lightsail instances are built on top of the latest generation of AWS infrastructure, providing high-performance and low-latency connectivity. This ensures that your applications and data are always accessible and responsive, with fast and efficient data transfer.

Easy to manage

Amazon Lightsail provides a simplified management interface, making it easy to manage your virtual private servers. The platform includes tools for monitoring your instances, configuring backups, managing DNS records, and more. Moreover, the platform provides a range of APIs and CLI tools, making it easy to automate management tasks.

Flexible

Amazon Lightsail is flexible, allowing you to choose the operating system and software stack that best suits your needs. The platform supports a range of operating systems, including Ubuntu, Debian, CentOS, and more. Moreover, you can install and configure any software stack that you need, giving you complete control over your environment.

In conclusion, Amazon Lightsail is a cost-effective, user-friendly, scalable, reliable, secure, integrated, quick, high-performance, easy-to-manage, and flexible platform for deploying and managing virtual private servers. If you’re looking for a simplified and efficient way to manage your cloud computing resources, Amazon Lightsail is definitely worth considering.

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Binance’s BNB Chain to Offer New Decentralized Storage System

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Binance’s BNB Chain to Offer New Decentralized Storage System

The release of the decentralized storage system’s white paper was having a modest effect on the price of other storage tokens on Wednesday. Filecoin (FIL), storj (STORJ), and arweave (AR) are now trading 2%, 5% and 6%, respectively, above their pre-announcement prices.

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The Marvelous Mrs. Maisel Set Sounds Absolutely Delightful, Thanks To Rachel Brosnahan’s Adorable Pig Story

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Rachel Brosnahan playing Midge in the Season 4 trailer for Marvelous Mrs. Maisel.

Over the course of four seasons, and soon a fifth installment, The Marvelous Mrs. Maisel has managed to one-up themselves and make the scale bigger, the set pieces more extravagant and the monologues snappier. While all of this has been amazing for us viewers, one-upping yourself every time must be quite stressful, and it has been according to Rachel Brosnahan. However, she also came up with an adorable way to de-stress and help the cast and crew by hiring therapy pigs. This also goes to show just how delightful the set of this Prime Video show seems, even during stressful moments. 

Filming Season 2 of The Marvelous Mrs. Maisel, which went on to win many Emmys in 2019, the cast and crew had taken on a much bigger challenge than they did in Season 1. By traveling around the world, and upping the ante overall the stress levels were high. However, Rachel Brosnahan revealed that she had a “delightful” stress relief activity planned involving therapy pigs, truly showing how wonderful this set seems. The actress behind Midge Maisel started her story about therapy pigs by setting the scene on The Late Show with Stephen Colbert, saying:  

So this is actually from our second season, we shot ten episodes during our second season, that’s the only time we ever did that, we never tried it again. We started the season in Paris, we traveled to the Catskills, we were on the move a lot. It was a really, really tough season. The crew was really tired. And toward the end of the season, someone had told me about this service in New York, where you can order therapy pigs to come to your workplace and make you feel better. And so, I brought therapy pigs to set and it was kind of incredible.



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