TechFlow news: Web3 security company SphereX has raised $8.2 million at a $24 million valuation. The round was led by Aleph, with participation from Pillar VC, Fabric Ventures, and Mensch Capital Partners.
SphereX's product, SphereX Protect, enables blockchain applications to prevent the execution of suspicious transactions. Developers of protocols and applications can integrate SphereX's code into their software to flag future transactions deemed suspicious by SphereX, based on analysis of historical normal and anomalous transactions.
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