CyVers
A blockchain security company that detects Cryptocurrency attacks in real-time using cutting-edge geometric ML.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor investor | €0.0 | round |
* | $8.0m | Seed | |
| Total Funding | 000k | ||
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CyVers.ai is a cutting-edge startup specializing in cryptocurrency security. The company operates in the rapidly growing Web 3.0 market, focusing on protecting decentralized finance (DeFi) platforms from cyber threats. CyVers uses advanced artificial intelligence (AI) and machine learning (ML) technologies to detect and prevent cryptocurrency attacks in real time.
The core of CyVers' business is its AI Security Platform, which analyzes both on-chain (blockchain) and off-chain data to identify suspicious behavior. This platform uses geometric anomaly detection, a sophisticated method that helps recognize unusual patterns that could indicate a security threat. By learning the current and historical behavior of users, the system can automatically and proactively alert customers and take corrective actions to prevent theft.
CyVers serves a wide range of clients within the cryptocurrency ecosystem, including individual investors, DeFi platforms, and institutional players. The company’s primary market is the burgeoning field of decentralized finance, which has seen a significant rise in illicit transactions and stolen funds. In 2021 alone, cryptocurrency crimes surged nearly 80%, reaching $14 billion. CyVers aims to be the last line of defense against such thefts, providing a crucial security layer that many existing solutions lack.
The business model of CyVers revolves around offering its AI Security Platform as a service. Clients can subscribe to the platform, which provides continuous monitoring and real-time alerts. The company also offers personalized consultations and demos to potential clients, helping them understand the value and functionality of the platform. Revenue is generated through subscription fees and possibly through premium services for more extensive security needs.
In summary, CyVers is a well-funded startup backed by top venture capitalists and AI experts. It aims to contribute to the massive adoption of cryptocurrency by ensuring a safer environment for transactions and investments.
Keywords: Cryptocurrency, Security, AI, Machine Learning, DeFi, Blockchain, Real-time Detection, Anomaly Detection, Web 3.0, Cyber Threats.