Halborn Security Company Raises $90 Million in Series A Round
Halborn, a blockchain security company based in Miami, has raised $90 million in Series A funding at an undisclosed valuation. This news appeared when investments in cryptocurrency startups dried up amid a falling market.
The round was led by the private investment company Summit Partners, Castle Island Ventures, Digital Currency Group and Brevan Howard took part in it. The cost of the round is not disclosed.
Crypto startups have recently had to raise money at lower prices. Cryptocurrency investments are drying up as the prices of cryptocurrencies such as bitcoin and ether have reached new lows.
But the demand for security services will grow over time, as the crypto industry is still young, he saidMatthew Hamilton, Managing Director of Summit Partner.
Yesterday, the FBI published a report stating that since the end of December, 244 victims of cybercrime related to cryptocurrency have been identified, with an estimated loss of $ 42.7 million.
Companies like Halborn strive to reduce risks and prevent hacks in the sector.
Halborn was founded in 2019 and has more than 50 employees who work with a number of companies such as Coinbase and Solana. The team also works with non-cryptocurrency brands such as Amazon and Nike to educate companies on how to use cryptocurrency. The company also advises financial institutions, family offices and venture capitalists on risk mitigation issues.
https://coin-signal.com/cryptonews/halborn-security-company-raises-90-million-in-series-a-round/
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