Odaily News: Web3 security startup Cube3.ai has completed an $8.2 million seed round of financing, led by Blockchain Ventures with participation from Dispersion Capital, Symbolic Capital, Hypersphere Ventures, ICLUB, and TA Ventures.

Cube3 plans to use this funding to expand its platform to enhance the security of Web3 and educate the community on transaction security risks and vulnerabilities. Einaras Gravrock, Founder and CEO of Cube3, stated, "This funding will be used to continuously improve our existing products and develop new ones to ensure builders are protected from constantly evolving Web3 security threats."

Cube3 reportedly uses machine learning algorithms to inspect blockchain-based transactions. If malicious transactions are detected, the algorithm sends alerts to the company to deploy smart contracts and prevent the transactions from going through. The company currently protects transactions on Ethereum, BNB Chain, Arbitrum, and Polygon, and will add support for Avalanche protection later this month.