Cube3.AI, a Palo Alto, Calif.-based web3 transaction security platform provider, raised $8.2m in seed funding
Backers included Blockchange Ventures, Dispersion Capital, Symbolic Capital, Hypersphere Ventures, ICLUB and TA Ventures
The company provides three products:
Detect: This product uses machine learning to monitor and rate transactions, smart contracts, and wallet addresses with a risk score in three categories: fraud, cyber, and compliance. Companies can use this product to proactively monitor watchlists and set up alerts for real-time notifications.
Protect: This product provides end-to-end protection for web3 applications from the user interface to the underlying smart contract code. It uses Runtime Application Self-Protection (RASP) technology to block cyber exploits, fraud, vulnerabilities, and compliance risks in real-time that are outside a company's risk threshold.
Manage: This product enables companies to proactively monitor addresses, set up alerts, and view reports, analytics, and logs. It includes two systems: Alerts and Rules. Alerts enable companies to monitor watchlists and receive real-time notifications for activity like detected risks, warnings, and blocked transactions. Rules allows customers to determine their allow/block decisions by customizing risk thresholds and whitelisting or blacklisting certain addresses.
The company plans to use the funds to expand operations and its development efforts.
