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Cube3.ai, a crypto-centric security startup, has secured $8.2 million in seed funding to enhance web3 security and raise awareness about the risks associated with weak transaction security. The funding round received contributions from several investors, including Dispersion Capital, Symbolic Capital, Hypersphere Ventures, ICLUB, and TA Ventures.

Cube3.ai employs machine learning technology to detect and prevent fraudulent transactions on various blockchains in real-time. Currently, the company provides protection for Ethereum, BNB Smart Chain, Arbitrum, and Polygon blockchains, with plans to add support for Avalanche later this month.

The companys offerings can be divided into three key categories: Detect, Protect, and Manage. The Detect application assesses each smart contract, wallet, and transaction for cyber risks, fraud, and compliance. In the event of a suspicious transaction, the algorithm notifies the business, allowing them to block the transaction using a smart contract.

The Protect function monitors the smart contract code layer, user interface, and external entities that pose a higher risk than what the organization can tolerate.

With the Manage functionality, protocols can track wallets, access analytics and data, and send notifications using third-party applications.

Cube3.ais solution enables smart contract deployers to prevent malicious transactions in real-time, ensuring the normal functionality of their apps while effectively addressing security issues. The company also commits to collaborating with clients to prioritize new features and improve its machine learning algorithms through consultations and ethical hacking.

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Cube3.ai Raises $8.2 Million to Protect Smart Contracts from ... - Clayton County Register