Blockchain Security Company Hexens Raises $4.2 million in Seed Funding Led by IOSG Ventures

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With the funding, Hexens will expand horizontally by increasing its top-notch cyber security service coverage and vertically by developing products that aim to impact the field on ecosystem grade.

Hexens, a cybersecurity boutique and blockchain startup, announced the closure of a $4.2 million seed round led by IOSG Ventures, the leading Web3 Venture Capital.

Other investors include Delta Blockchain Fund, Chapter One, Hash Capital, ImToken Ventures, Tenzor Capital, and angels from Polygon and other blockchain projects.

Since Hexens was founded in 2021, it has had an impressive track record and recognition in the industry: Mudit Gupta - CISO of the biggest EVM Ecosystem - Polygon Technology, joined the company advisory board after completing just a single cooperation iteration. The Hexens approach to security is on its way to scale: combining brave ideas together with an extensive Web3 market vision, first products from the company will be available in late 2023..

“Blockchain is one of the fastest growing fields and, as many believe, the future of money. Fast growth brings huge cybersecurity risks and as we see it now, the technology faces the risk of not achieving mass adoption if we do not address the rising threats of cybercrime in an appropriate manner.” Sipan Vardanyan, the CEO of Hexens, said in a statement. 

 “$2B lost in crypto hacks only in 2022 shows the importance of thorough cybersecurity practices and the high demand for first-class cybersecurity services. We are excited to partner with the stellar Hexens team on the mission to make Web 3.0 a safer place. The team's expertise in ZK technology positions them well to