# SphereX Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/spherex-technologies

- Industry: IT Security/Cybersecurity
- Headquarters: Tel Aviv, Israel
- Website: www.spherex.xyz
- Total disclosed funding: $8.2M
- Latest round: Seed (Aug 9, 2023)
- Investors on record: 4

## About

Based in Tel Aviv, Israel, and founded in 2022 by co-founders Eyal Meron, and Oren Fine, SphereX Technologies Ltd. is a provider of security solutions for the blockchain industry to safeguard apps and user funds while ensuring a seamless user experience. In July 2023, SphereX Technologies Ltd. raised USD 8.2 million in seed funding led by new investor Aleph, with participation from other new investors Fabric Ventures, Mensch Capital Partners, and Pillar Companies.

The company's flagship product, SphereX Protect, revolutionizes Web3 security by introducing a fully decentralized on-chain exploit prevention solution. Through machine learning-based behavioural analysis, SphereX Protect identifies and reverts potential zero-day attacks in real time while maintaining the decentralized nature of the applications. Its user-verifiable security ensures that the protection process is transparent and independently auditable. The company promotes an open and community-driven platform, enabling developers to build upon the SphereX security engine. The platform's user-friendly dashboard provides insights and control over security measures, and its pay-as-you-grow pricing model makes it accessible to projects of all sizes.


The company plans to use the July 2023 funding to market its product and hire employees.

## Funding rounds

- Seed, Aug 9, 2023, $8.2M — Aleph, Pillar, Fabric Ventures, Mensch Capital Partners

## Investors

- Aleph (https://capitalatlas.ai/funds/aleph) — Seed
- Pillar (https://capitalatlas.ai/funds/pillar) — Seed
- Fabric Ventures (https://capitalatlas.ai/funds/fabric-ventures) — Seed
- Mensch Capital Partners (https://capitalatlas.ai/funds/mensch-capital-partners) — Seed