press release
PRESS RELEASE. Hexens, a cybersecurity boutique and blockchain startup, announced the closure of a $4.2 million seed round led by IOSG Ventures, the leading Web3 Venture Capital.
Other investors include Delta Blockchain Fund, ChapterOne VC, Hash Capital, ImToken Ventures, Tenzor Capital, and angels from Polygon and other blockchain projects.
Hexens disrupting products impact the ecosystem
Since Hexens was founded in 2021, it has had an impressive track record and recognition in the industry: Mudit Gupta – CISO of the most significant EVM Ecosystem – Polygon Technology, joined the company advisory board after completing just a single cooperation iteration.
The Hexens approach to security is on its way to scale: combining bold ideas with an extensive Web3 market vision, the first products from the company will be available 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.
“$2B lost in crypto hacks only in 2022 shows the importance of thorough cybersecurity practices and the high demand for first-class cybersecurity services. We are excited to partner with the stellar Hexens team on the mission to make Web 3.0 a safer place. The team’s expertise in ZK technology positions them well to ensure the next wave of industry innovations. Moreover, products being built by Hexens have the potential to become a standard toolkit for each developer and security researcher in the blockchain space,” said Queenie, the partner at IOSG Ventures.
“Our unique methodologies and techniques that we have sharpened over a decade of business in cybersecurity enable us to see what the premature blockchain market needs. We will soon release our first products to help builders, security engineers, projects, companies, and whole blockchains and ecosystems have peace of mind and stay safe.” Sipan added.
“Today, many businesses face a single point of failure while depending on technologies that store assets on-chain. Our main goal is to set new standards and raise the expectations of what cybersecurity solutions could do.” Sipan also added.
About Hexens
Hexens was founded by two multiple-time Capture the Flag competition winners: Sipan…
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