TechFlow news, February 11 — According to Financefeeds, Drosera, an Ethereum security automation layer protocol, has raised $4.75 million in a new funding round. The round was led by Greenfield Capital, with participation from Anagram, Paper Ventures, Arrington Capital, UDHC, and Pulsar.
Drosera is a decentralized security protocol built on Ethereum that enables protocols to delegate their security infrastructure to a decentralized network of node operators via "Traps" smart contracts. Over 25 protocols—including Ion Protocol, EtherFi, and Gravita—have already committed to joining its testnet.
Funds will be used to accelerate product development, expand the team, and prepare for the mainnet launch planned for the second quarter of 2024.
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