According to a recently published press release, Hexens, a blockchain and web 3.0 security company, has raised a whopping $4.2 million in seed funding. Led by prominent web 3.0 VC firm IOSG Ventures and other investors such as Hash Capital, Delta Blockchain Fund, Tenzor Capital, angel investors from Polygon, ImToken Ventures, and Chapter One, this seed fund will help Hexens grow horizontally, increasing its security coverage. 

Hexens will aim to create and subsequently release innovative products capable of positively impacting the blockchain cybersecurity industry. Since its launch a year ago, Hexens has been committed to securing digital assets and investors beyond expectations. The novel blockchain security company seeks to deliver a nonpareil experience regarding the security of projects. The Hexens team deploys an array of customized approaches to meet the needs of projects while providing ordinarily unachievable results in the ecosystem. 

Hexens combines novel ideas with a comprehensive web 3.0 market vision as it seeks to scale upwards. The team hopes to launch new and innovative products in 2023. 

A Standard Toolkit for Project Developers and Security Researchers 

With over $2 billion lost to malicious hackers in 2022, the need for a customer-focused security company with the right product intensifies, Hexens understands the market demand and has designed a set of innovative products possessing the capacity to rid off these hacks. Speaking about the partnership with Hexens, Queenie Wu, partner at IOSG Ventures, reveals that Hexens’ undisputable expertise in ZK technology solidifies their stance as the company to lead the next wave of innovations in the blockchain cybersecurity ecosystem. 

“... 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,” Queenie Wu stated. 

As revealed by the company CEO, Sipan Vardanyan, the tech space is at risk of distrust if cybersecurity threats are not mitigated expeditiously. The Hexens team understands this and works to dispel all existing threats innovatively and appropriately.

“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. 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,” he added. 

In addition to security audit services, Hexens, according to the press release, investigates and immediately responds to several security incidents. And the investigation department comprises past OSINT competition winners who combine off and on-chain expertise to provide verified, accurate, and well-investigated cybercrime reports. Unprecedentedly, the department has identified, and de-anonymized hackers and have returned millions of USD worth of assets to their legitimate owners—an unparalleled feat in the cybersecurity industry.