Web3 security company Hypernative announced the completion of a $16 million Series A financing round.

Web3 security company Hypernative announced the completion of a $16 million Series A financing round, led by Quantstamp, with participation from Bloccelerate VC, Boldstart Ventures, Borderless Capital, CMT Digital, IBI Tech Fund, Re7 Capital, and others. Gal Sagie, co-founder and CEO of Hypernative, revealed that this round of financing was structured as equity, bringing the total funding of the company to $27 million. (The Block)