Blockchain Security Company Hexens Raises $4․2 Million in Seed Funding Led by IOSG Ventures – Press release Bitcoin News

PRESS RELEASE. Hexens, a cybersecurity boutique and blockchain startup, introduced the closure of a $4.2 million seed spherical led by IOSG Ventures, the main Web3 Venture Capital.

Other traders embody Delta Blockchain Fund, ChapterOne VC, Hash Capital, ImToken Ventures, Tenzor Capital, and angels from Polygon and different blockchain tasks.

Hexens disrupting merchandise influence the ecosystem

Since Hexens was based in 2021, it has had a powerful monitor document and recognition in the business: Mudit Gupta – CISO of probably the most important EVM Ecosystem – Polygon Technology, joined the company advisory board after finishing only a single cooperation iteration.

The Hexens strategy to safety is on its technique to scale: combining daring concepts with an in depth Web3 market imaginative and prescient, the primary merchandise from the company can be out there in late 2023.

“Blockchain is one of the fastest growing fields and, as many believe, the future of money. Fast growth brings huge cybersecurity risks, and as we see it now, the technology faces the risk of not achieving mass adoption if we do not address the rising threats of cybercrime appropriately.” Sipan Vardanyan, the CEO of Hexens, mentioned in a press release.

“$2B lost in crypto hacks only in 2022 shows the importance of thorough cybersecurity practices and the high demand for first-class cybersecurity services. We are excited to partner with the stellar Hexens team on the mission to make Web 3.0 a safer place. 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,” mentioned Queenie, the companion at IOSG Ventures.

“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.” Sipan added.

“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.” Sipan additionally added.

About Hexens

Hexens was based by two multiple-time Capture the Flag competitors winners: Sipan Vardanyan and Vahe Karapetyan, in the skilled surroundings extra identified by their nicknames — Noyer and kemmio. After greater than ten years of offering classical cybersecurity providers in the Web2 business, they determined to concentrate on blockchain applied sciences to develop and implement new safety requirements in the sector, bringing Web3 mass adoption nearer than it’s.

Hexens safety audits

Hexens has multiple top-notch auditing teams specialised in completely different fields of knowledge safety, displaying excessive efficiency in probably the most difficult and technically advanced duties, together with however not restricted to: Infrastructure Audits, Zero Knowledge Proofs / Novel Cryptography, DeFi, and NFT.

“Most of our auditors and safety engineers have a scientific background in cryptography, computer science, or math, along with earlier, let’s name it, Web2 safety expertise.

Considering our recruitment strategy and Hexens’ philosophy, we frequently refuse to audit easy ERC20 tokens or different non-complex tasks: the extra advanced the project, the extra enticing and thrilling it’s for us to audit.” – Vahe, the CTO of Hexens.


Hexens cybercrime investigations

Besides safety audits, Hexens’ additionally investigates and responds to safety incidents. Multiple-time OSINT competitors winners are the constituents of the investigation division, with mixed experience in each on-chain and off-chain evaluation methods to ship probably the most subtle cybercrime investigations. Within the final 9 months, the investigations division recognized and de-anonymized hackers and returned property value greater than $13m to their rightful house owners.

“No matter how sophisticated the software is used for on-chain investigations, it’s only half of the story: the other half comes to manual analysis of off-chain data. My team consists of OSINT specialists and ex-police detectives, and their experience permits us to achieve astonishing results.” – Grant, Head of Investigations of Hexens, mentioned.

Press contact

Konstantin Andriotis

Chief Marketing and Operations Officer;




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