New York based web3 and blockchain security company raised $88m in Series B funding led by Insight Partners.
“More than $1 billion was lost in the first quarter because all the hackers are targeting the web3 world at the moment. This industry is still young and different from Web 2.0. The web3 world has a small group of developers who may not be able to always secure the software or code and that’s why the industry is facing cyber risks.”