Blockchain security startup Redefine has raised an $11 million seed round based on its offering of the first Crypto Firewall, the company announced Monday.
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Redefine was founded in June 2021 by Dr. Shira Brezis (CEO) and Alon Ram (CTO) and operates in the blockchain sector of Decentralized Finance (DeFi).
Thus far, more than $12 billion have been stolen from investors through dozens of sophisticated hacks and cyberattacks.
Redefine caters to institutional investors to help them manage investment risks through a smart platform that automatically analyzes risk, monitors market changes in real time, and proactively protects capital in the event of a cyberattack.
The seed round was led by Palo Alto-based Ribbit Capital, with participation from Jump Capital and ParaFi Capital at a valuation of $50 million.
