The Good Tech Companies - Drosera Raises $4.75M To Create The Immune System For Ethereum

Episode Date: February 11, 2025

This story was originally published on HackerNoon at: https://hackernoon.com/drosera-raises-$475m-to-create-the-immune-system-for-ethereum. Multiple angel investors also committed capital, among them Jan Baeriswyl, Luke Hackett, Felix Lutsch, Max from DeFine Logic Labs, Diogo Costa, Yaroslav Pshenit Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #drosera, #chainwire, #press-release, #drosera-announcement, #blockchain-development, #crypto-funding, #good-company, and more. This story was written by: @chainwire. Learn more about this writer by checking @chainwire's about page, and for more stories, please visit hackernoon.com. Drosera, an innovative security automation layer, has closed its latest funding round bringing the total raised to $4.75 million. The raise, which was led by Greenfield Capital, saw participation from several prominent funds including Paper Ventures, Arrington Capital, and Pulsar.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Dracera raises $4.75 million to create the immune system for Ethereum by Chainwire. Asterisk San Juan, Puerto Rico, February 10, 2025, Chainwire. Asterisk Dracera, an innovative Ethereum-aligned security automation layer, positioned as the immune system for Ethereum has closed its latest funding round bringing the total raise to $4.75 million. The raise, which was led by Greenfield Capital, saw participation from several prominent funds including Anagram, Paper Ventures, Arrington Capital, UDHC and Pulsar. Multiple angel investors also committed capital, among them Jan Bereswill, Luke Hackett, Felix Lutch, Max from Define Logic Labs, Diogo Costa, Yaroslav P. Shenitsyn, Peter Kim, Mara Schmidt,

Daniel and Abhishek from Swell Labs, Anuj Shankar, and Colin Myers. Greater than. We are thrilled to have the support of so many esteemed investors as we greater than strive to set a new and elevated standard for protocol security, said Samuel Glenn, Boba Fetador, co-founder and CTO of Dracera. Dracera acts as Ethereum's immune system by arming protocols with the ability to detect and greater than neutralize threats before they can cause harm. By significantly reducing the greater than risk of exploits, we are building a more resilient and trustworthy DeFi greater-than ecosystem. With over 3,700 Web3 protocols having fallen victim to exploits enabled by security failings

and vulnerabilities, Dracera offers a cutting-edge solution. Greater-than, this raise is a pivotal milestone for Dracera as we continue our mission to greater than redefine security standards within the decentralized finance space, said greater than Fernando Reyes, FDR, founder and CEO of Dracera. Greater than, this funding will enable us to scale and push the boundaries of what's greater than possible in protocol security, ensuring that every project built on Ethereum greater than can operate with greater resilience against the ever-evolving landscape of greater-than-cyber threats. Honing in our mission to actualize a Web3 without compromise, Dracera's innovative approach, modeled as Ethereum's immune system, enables protocols to delegate security infrastructure to a decentralized network of node operators. This system functions similarly to antibodies

in a biological immune system, identifying and neutralizing threats in real time to safeguard the network. It works as follows. Protocols create traps, highly customizable solidity-based smart contracts that define application security parameters. Protocols deposit funds into traps, creating value for third-party operators who use the Dracera client to actively monitor Ethereum data to respond to events deemed risky. Operators must execute an emergency response upon detection of a breach Dracera's system aligns incentives across protocols and operators, giving birth TO a new economy that it believes will become the standard for Web3 security.

The network has already gained significant traction, with over 25 protocols committed to its testnet, including Ion Protocol, EtherFI, and Graviton. It has also secured partnerships with several node operators such as INF Stones, Everstake, Cosmo Station, A41 and Blockscape, and joined forces with security specialist GoPlus. Greater than. We are excited about the experienced team and its relentless drive to greater than redefine on-chain security. Said Greenfield principal Gendrik Polacek. In greater than defy, economic audits and bug bounties are simply not enough. Dracera provides greater than the crucial building block of holistic real-time threat

detection and greater than incentivized response. Greater than, Dracera's approach to Web3 security leaves no stone unturned, said Paper Ventures partner Iveilo Jordanov. By leveraging a decentralized network of greater-than node operators, they are creating a new and exciting paradigm for security at greater-than the protocol level. We look forward to seeing the impact the network has on greater-than-the-industry going forward. Funds raised by Dracera will be used to accelerate product development, recruit personal, and prepare for the launch of Mainnet, scheduled for Q2 of 2024. About Dracera Dracera is the decentralized immune system of Ethereum. By leveraging the next generation of smart contracts known as

traps, Drosera provides adaptive and verifiable mechanisms that act like antibodies, detecting and neutralizing vulnerabilities before they can harm the ecosystem. For partnership inquiries or more information, contact us below. www.dressera.io contact science on at dressera.io colon colon colon tip this story was distributed as a release by chainwire under hackernoon's business blogging program learn more about the program here and thank you for listening to this hackernoon story read by artificial intelligence visit hackernoon.com to read write learn and publish