SphereX Overview
SphereX is the developer of SphereX Protect, an advanced security solution for smart contracts. The company's solution defines for each contract with which it interfaces how to distinguish between legitimate commands of normative users and anomalous commands characteristic of attackers. SphereX Protect is not limited to stopping the execution of the abnormal orders, which indicate that malicious parties have probably got their hands on the contract and want to empty it, but also allows the continued operation of the customer's contracts in front of the normative users.
Cumulative Funding Raised Over Time ($)
Latest News
growth-positive
SphereX raises $8.2 million in Seed and launches its security solution for smart contracts | CTech
Web3 security company SphereX has raised $8.2 million in seed funding from investors including Aleph, Pillar VC, Fabric Ventures, and Mensch Capital Partners. The company also launched SphereX Protect, a security solution for smart contracts. The company was founded by Eyal Meron and Oren Fine, veterans of IDF’s 8200 unit. SphereX integrates into smart contracts as a security module to prevent hackers from exploiting vulnerabilities in the code and preventing damage. The solution allows business continuity under attacks and is compliant with whatever level of decentralization chosen by the Dapps.
Investment
| Sector | Cyber Security |
Funding
| Total funding | $8.2M |
| Last funding | $8.2M |
| Stage | Seed |
| Rounds | 1 |
| Investors | 4 |
Team Members
2
Employees: 1-10
Web & Social Links
| Website | www.spherextech.com |
Locations
Yigal Alon St 114, Tel Aviv-Yafo, 6744320, Israel
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