Drosera, an innovative security automation layer for Ethereum, has closed a funding round totaling $4.75 million. The company aims to provide a real-time threat detection and response system for Ethereum protocols, acting as an 'immune system' against exploits and vulnerabilities. The funding will be used to accelerate product development, expand the team, and prepare for the launch of the mainnet in Q2 2024.
, an innovative Ethereum -aligned security automation layer, positioned as the immune system for Ethereum has closed its latest funding round bringing the total raised to $4.75 million. The raise, which was led by. Multiple angel investors also committed capital, among them Jan Baeriswyl, Luke Hackett, Felix Lutsch, Max from DeFine Logic Labs, Diogo Costa, Yaroslav Pshenitsyn, Peter Kim, Mara Schmidt, Daniel and Abhishek from Swell Labs, Anuj Shankar, and Collin Myers.
“This raise is a pivotal milestone for Drosera as we continue our mission to redefine security standards within the decentralized finance space,” said Fernando Reyes , Founder and CEO of Drosera. • Protocols create Traps, highly customizable Solidity-based smart contracts that define application security parameters
Cryptocurrency ETHEREUM SECURITY DROSERA Defi WEB3
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ethereum Price Today: $3,260 Lido Co-Founder Hints at 'Second Foundation' Following Ethereum Foundation CriticismEthereum price hovers near $3,270 as Lido co-founder Konstantin Lomashuk proposes a 'Second Foundation' amidst community pushback against the Ethereum Foundation (EF) leadership. Concerns include calls for EF executive director Aya Miyaguchi's resignation, criticism of its selling activity and roadmap, and centralization worries. Ethereum co-founder Vitalik Buterin suggests the EF focus on its strengths while supporting other organizations representing Ethereum's diverse aspects. Meanwhile, Donald Trump's World Liberty Financial staked 10,000 ETH, joining the top 0.1% stETH holders. Ethereum could rally 20% if it overcomes descending trendline resistance and key hurdles near $3,550 and $3,770.
Read more »
Vitalik Buterin Clarifies Ethereum Foundation's Role in Decentralized EcosystemVitalik Buterin, co-founder of Ethereum, recently outlined the Ethereum Foundation's (EF) purpose and function within the broader Ethereum ecosystem. He emphasized the importance of decentralization, stressing that the EF is one part of a larger network of developers, companies, and community projects driving Ethereum's growth.
Read more »
Ethereum Co-founder Vitalik Buterin Proposes Aggressive Scaling Solutions for Data AvailabilityEthereum co-founder Vitalik Buterin has outlined ambitious plans to enhance Ethereum's data availability (DA) bandwidth. Buterin argues that Ethereum's base layer has the potential to scale significantly, even without relying solely on layer-2 (L2) solutions. He proposes raising the target bandwidth to one megabyte per second within a year or two and emphasizes the importance of continuous improvements to keep Ethereum competitive.
Read more »
Crypto Volatility: Solana Soars While Ethereum StumblesBitcoin shatters records, memecoins dominate, and Ethereum faces challenges as Solana benefits from increasing network activity and new token launches. Key price levels to watch for both Ethereum and Solana.
Read more »
Vitalik Buterin Proposes Aggressive Scaling Solutions for EthereumVitalik Buterin, Ethereum's co-founder, outlines a plan to significantly increase Ethereum's data availability bandwidth, challenging the perception that the network is limited in its scalability potential.
Read more »
Aave Price Soars After Ethereum Foundation Investment and New DeFi FeaturesAave price rallied following a significant investment from the Ethereum Foundation and the launch of new DeFi features. This news analyzes the impact of these developments on Aave's future and its position in the DeFi market.
Read more »