certify
Home arrow Article arrow Article Detail

Blockchain startup and Cybersecurity Hexens announced the closure of $4.2M seed round led by IOSF web 3 venture capital

Profile Image

Joyashree Dey Follow

INDIA

Oct, 24 2022

Oct, 24 2022

likes | comments 0

Article Image

On October 17, a blockchain startup & cybersecurity boutique, Hexens has announced the closure of a $4.2 million seed round led by IOSG Ventures, a leading Web3 Venture Capital. 


Hash Capital, ChapterOne VC, Delta Blockchain Fund, Tenzor Capital, ImToken Ventures, and angels from Polygon and other blockchain projects participated in the seed roundSince its establishment in 2021, Hexens has had recognition and an impressive track record in the industry, Mudit Gupta, CISO of Polygon Technology- the most significant EVM Ecosystem, joined the organization advisory board subsequent to finishing simply a solitary collaboration emphasis. 


The Hexens way to dealing with security is on its way to scale: joining bold ideas with a broad Web3 market vision, the first products from the organization will be accessible to customers in late 2023.  Blockchain is one of the fastest growing fields and, as many believe, the future of money. Fast growth brings huge cybersecurity risks, and as we see it now, the technology faces the risk of not achieving mass adoption if we do not address the rising threats of cybercrime appropriately.” Sipan Vardanyan, the CEO of Hexens, said in a statement. 


According to Queenie, the partner at IOSG Venturesthe loss of $2B in crypto hacks only in 2022 shows the significance of thorough cybersecurity practices and the high demand for first-class cybersecurity services. To make Web 3.0 a safer place IOSG Ventures is equally excited to partner with the stellar Hexens team on the mission. Besides, products being worked by Hexens can possibly turn into a toolkit toolbox for every developer and security researcher in the blockchain space. 


likes | comments 0

Profile Image

Joyashree Dey

CBW - External Analyst

INDIA

Comments
Disclaimer: The information is for informational purposes only.​ This advertisement does not constitute financial advice or any other advice. You should consult with a financial professional to determine what may be best for your individual needs. None of the information and/or content available through this advertisement is intended as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any company, financial product, security or commodity. To the maximum extent permitted by law, we disclaim any and all liability in the event any information, commentary, analysis, opinions, advice and/or recommendations prove to be inaccurate, incomplete or unreliable or result in any investment or other losses. In Making the investment decision, investors must rely on their own examination of the issuer and the terms of the offerings, including the merits and risks involved. Investments are speculative, illiquid, and involve a high degree of risk , including the possible loss of investment.