CyVers Raises $8 Million in Seed Round

A cybersecurity firm based in Tel Aviv, Israel CyVers, said that it had secured $8 million in initial investment to guard against fraudulent bitcoin purchases made before they were recorded on the ledger. 

Crescendo Venture Partners, Differential Ventures, HDI, Cyber Club London, and Cyber Future also invested in the round, which was headed by Elron Ventures. 

CyVers customers include Israeli-founded companies Bit2C, Solidus Capital, and CoinMama, among others. 

Cyvers is a next-generation AI-based security startup that offers real-time detection and prevention of crypto threats for Web3 and a decentralized economy. It was founded by seasoned businessmen Deddy Lavid and Meir Dolev. Cyvers detects and intercepts crypto-threats across blockchains to offer proactive Web3 security for centralized, decentralized, and smart contract applications. The company’s agentless, plug-and-play solution collects transactions in the brief window of time between when a transaction is broadcasted and when it is irrevocably recorded to a blockchain ledger.  

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