<p><span data-contrast="auto">Israel-based cybersecurity startup Cyvers raised $8 million in a seed round led by Elron Ventures.</span><span data-ccp-props="{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559685&quot;:0,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span><span data-contrast="auto">Other backers include Crescendo Venture Partners, Differential Ventures and HDI.</span><span data-ccp-props="{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559685&quot;:0,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p> <p><span data-contrast="auto">Cyvers offers plug-and-play security solutions to a range of web3 companies through leveraging domain expertise and geometric machine learning technology to enable real-time detection of security issues. </span><span data-ccp-props="{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559685&quot;:0,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p> <p><span data-contrast="auto">Customers of the platform include Bit2C, Solidus Capital and CoinMama, according to a release.</span><span data-ccp-props="{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559685&quot;:0,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p> <p><span data-contrast="auto">“Our analytics engine predicts evolving attacks while autonomously understanding attacker behaviors,” said Meir Dolev, Co-founder &amp; CTO. “These include smart contract exploits, private key leakage, Flashloans, etc. Once it detects the evolution of an exploit pattern, the AI system generates alerts while providing enough time to act and the best-known solution, before the exploitation and money laundering progresses.”</span><span data-ccp-props="{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559685&quot;:0,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p> <p><span data-contrast="auto">The startup was co-founded by Dolev and Deddy Lavid in February. The equity fundraise closed in October, said Lavid in a statement to The Block. </span><span data-contrast="auto">The funds from the raise will be put toward research and development, as well as to boost sales and marketing in the future, Lavid added.</span></p> <p><span data-contrast="auto">Several web3 cybersecurity firms have received backing from venture capital firms as of late, such as fraud detection platform </span><span data-contrast="none">Sardine’s $52 million <a href="https://www.theblock.co/post/171156/visa-and-consensys-back-fraud-detection-platform-sardines-52-million-raise">raise</a></span><span data-contrast="auto"> and crypto firewall provider </span><span data-contrast="none">Blowfish’s $11.8 million <a href="https://www.theblock.co/post/174039/paradigm-leads-crypto-firewall-provider-blowfishs-11-8-million-raise">raise</a></span><span data-contrast="auto">. </span></p> <p><span data-contrast="auto">This comes as the industry grapples with several high-profile hacks. Blockchain analytics firm Chainalysis </span><a href="https://twitter.com/chainalysis/status/1580312149557026817?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1580312149557026817%7Ctwgr%5Edd2293199585ae341c8f60a883656de702f65045%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fwww.bloomberg.com%2Fnews%2Farticles%2F2022-10-13%2Fcrypto-hackers-set-for-record-year-after-looting-over-3-billion"><span data-contrast="none">estimates</span></a><span data-contrast="auto"> that this year will be the biggest year for hacking on record.</span><span data-ccp-props="{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559685&quot;:0,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p> <p><iframe frameborder="0" height="420" src="https://embed.theblockcrypto.com/data/decentralized-finance/exploits/largest-defi-exploits/embed" title="Largest DeFi exploits" width="100%"></iframe></p><br /><span class="copyright"><p>© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.</p> </span>