[Translation] Web3 security company SphereX has completed an $8.2 million funding round, led by Aleph.

Odaily News: Web3 security company SphereX has raised $8.2 million at a valuation of $24 million. The funding was led by Aleph, with participation from Pillar VC, Fabric Ventures, and Mensch Capital Partners.



According to reports, SphereX's product, SphereX Protect, enables blockchain applications to prevent the execution of suspicious transactions. Developers of protocols and applications can inject SphereX's code into their software, which analyzes past normal and abnormal transactions to flag future transactions that SphereX deems suspicious. (fortune)