Blockchain security company Halborn has raised $90 million in a Series A funding round led by Summit Partners, with participation from Castle Island Ventures, Digital Currency Group, Brevan Howard, and others. $90M Series A Funding For Halborn Despite the crypto market downturn, blockchain security company Halborn has successfully raised $90 million. The round’s valuation has not been disclosed. Announcing our 🚀$90M Series A🚀led by @SummitPartners with participation from @DCGco @CastleIslandVC @thirdprimevc @BHdigitalassets @skyvisioncap @FenwickWest!https://t.co/vKgPj1GpfA — Halborn (@HalbornSecurity) July 19, 2022 While crypto companies had recently been raising money at lower valuations, demand for services offered by Halborn has increased over the past year, according to Matthew Hamilton, managing director at Summit Partner. The demand stems from high-profile attacks and the continuing trend of hackers attempting to steal cryptos. Earlier this summer, the company uncovered the “demonic” vulnerability in the popular MetaMask crypto wallet. It involved insecure permissions in MetaMask and other browser extension crypto wallets that would allow the attacker to access a user’s secret recovery phrases on disk via remote or physical access. Founded in 2019, Halborn provides a suite of products and services designed to identify and close vulnerabilities in Web3 applications, helping to create the security standards the market p...
