SphereX

SphereX

Experience unmatched decentralized security with SphereX, safeguarding your DeFi apps non-stop.

HQ location
Tel Aviv-Yafo, Israel
Launch date
Employees
Enterprise value
$33—49m
Company register number
516645116
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Financials

Estimates*

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Revenues, earnings & profits over time
USD2023
Revenues0000
EBITDA0000
Profit0000
EV0000
EV / revenue00.0x
EV / EBITDA00.0x
R&D budget0000

Source: Dealroom estimates

More about SphereX
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SphereX is a pioneering company in the Web3 security space, offering the first decentralized on-chain protection solution for decentralized finance (DeFi) applications. SphereX serves developers and businesses operating within the Web3 ecosystem, providing them with robust security measures to safeguard their Total Value Locked (TVL) and prevent financial losses from hacks and malicious transactions. The company leverages advanced technologies such as deep learning and Revert Analysis to identify and mitigate zero-day exploits and other security threats in real-time.

SphereX operates in the rapidly growing blockchain and cryptocurrency market, focusing on enhancing the security of EVM-compatible smart contracts. Its business model revolves around offering a comprehensive security platform that clients can integrate into their Web3 applications. SphereX generates revenue through subscription fees for its security services and by providing additional features and support for developers building on top of the SphereX Engine.

The company's platform includes a user-friendly dashboard for monitoring security threats, an open-source architecture that allows for the development of new solutions, and actionable intelligence to keep users informed about the health and progress of their projects. SphereX's proactive defense strategy ensures that clients do not have to rely solely on pre-deployment audits or post-mortem alerts, significantly reducing the time and resources spent on launching secure protocols.

Keywords: Web3 security, decentralized finance, deep learning, TVL protection, smart contracts, blockchain, Revert Analysis, EVM-compatible, proactive defense, open-source architecture.

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