SphereX Raises $8.2 Million in Seed and Launches Its Security Solution for Smart Contracts

Web3 security company SphereX announced $8.2 million in Seed funding, with investors including Aleph, Pillar VC, Fabric Ventures, Mensch Capital Partners, and other angel investors. The company also launched SphereX Protect, the company's advanced security solution for smart contracts.

SphereX integrates into smart contracts as a security module to prevent hackers from exploiting vulnerabilities in the code and preventing damage. There is no need to pause the smart contract or implement circuit breakers as it prevents malicious activity without interfering with the normal operation of the contract. As an on-chain module, it provides verifiable and continuous defense while maintaining the principles of composability and anti-censorship.