.Hyperlane_xyz, which helps developers connect apps across blockchains, has raised $18.5 million in a funding round led by crypto-focused investment firm variantfund. By BrandyBetz
Hyperlane, a platform that helps developers connect applications across blockchains, has raised $18.5 million in a seed funding round led by crypto-focused investment firm Variant.
Other participants in the round include crypto financial services firm Galaxy Digital, CoinFund, Circle, Figment, Blockdaemon, Kraken Ventures, and NFX. Security vulnerabilities in cross-chain bridges led to an estimated $2 billion in cryptocurrency losses this year, according to aHyperlane has already completed several security audits and further security efforts will be a major use of the new funding, Kol noted.
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