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.
Founded by Deddy Lavid, CEO, and Meir Dolev, CTO, CyVers 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. CyVers identifies cyber-attacks and carries out corrective measures within milliseconds, moving away from blacklists, code auditing, and fund tracing.