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The company has raised $7 million in a funding round led by Collider Ventures and Disruptive AI, with participation from strategic funds including Samsung Next and Parafi. Ironblocks system includes layers of protection, with the first layer already being used successfully by several major companies. The second layer, called active defense layer, prevents dangerous code from entering applications. Additional active defense layers are currently being developed. Ironblocks was founded in 2022 by Or Dadosh and Asaf Eli, who have a background in blockchain application security and were part of the development team at Bancor. 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