TechFlow news — Web3 security startup Cube3.ai has announced an $8.2 million seed funding round led by Blockchain Ventures, with participation from Dispersion Capital, Symbolic Capital, Hypersphere Ventures, ICLUB, and TA Ventures. Cube3 plans to use the funds to expand its platform to enhance Web3 security and to educate the community about transaction security risks and vulnerabilities.
According to reports, Cube3 uses machine learning algorithms to analyze blockchain-based transactions. If a malicious transaction is detected, the algorithm sends an alert to the company, enabling it to deploy smart contracts to block the transaction. The company currently protects transactions on Ethereum, BNB Chain, Arbitrum, and Polygon, and will add support for Avalanche protection later this month.
