The web3 security startup Cube3.ai raised $8.2 million in a seed funding round led by Blockchange Ventures.
Additional participants included Dispersion Capital, Symbolic Capital, Hypersphere Ventures, ICLUB and TA Ventures.
Cube3 uses machine learning algorithms to check blockchain-based transactions as they occur. If a malicious transaction is detected, the algorithm sends an alert for the company to deploy a smart contract and prevent the transaction from going through. The startup protects transactions on Ethereum, BNB Smart Chain, Arbitrum and Polygon, with Avalanche coming later this month.