San Juan, Puerto Rico, February 10th, 2025,
Chainwire
Drosera, an innovative
Ethereum-aligned security automation layer, positioned as the
immune system for Ethereum has closed its latest funding round
bringing the total raised to $4.75 million. The raise, which was
led by Greenfield Capital, saw participation
from several prominent funds including Anagram, Paper
Ventures, Arrington Capital, UDHC and
Pulsar. Multiple angel investors
also committed capital, among them Jan Baeriswyl, Luke Hackett,
Felix Lutsch, Max from DeFine Logic Labs, Diogo Costa, Yaroslav
Pshenitsyn, Peter Kim, Mara Schmidt, Daniel and Abhishek from Swell
Labs, Anuj Shankar, and Collin Myers.
“We are thrilled to have the support of so many esteemed
investors as we strive to set a new and elevated standard for
protocol security,” said Samuel Glenn (Bobafetador), co-founder and
CTO of Drosera. “Drosera acts as Ethereum’s immune system by arming
protocols with the ability to detect and neutralize threats before
they can cause harm. By significantly reducing the risk of
exploits, we are building a more resilient and trustworthy DeFi
ecosystem.”
With over 3,700 web3 protocols having fallen victim to exploits
enabled by security failings and vulnerabilities, Drosera offers a
cutting-edge solution.
"This raise is a pivotal milestone for Drosera as we continue
our mission to redefine security standards within the decentralized
finance space," said Fernando Reyes (FDR), Founder and CEO of
Drosera.
"This funding will enable us to scale and push the boundaries of
what’s possible in protocol security, ensuring that every project
built on Ethereum can operate with greater resilience against the
ever-evolving landscape of cyber threats. Honing in our mission to
actualize a Web3 without Compromise"
Drosera’s innovative approach, modeled as Ethereum’s immune
system, enables protocols to delegate security infrastructure to a
decentralized network of node operators. This system functions
similarly to antibodies in a biological immune system, identifying
and neutralizing threats in real time to safeguard the network. It
works as follows:
• Protocols create Traps, highly customizable Solidity-based
smart contracts that define application security parameters
• Protocols deposit funds into Traps, creating value for
third-party operators who use the Drosera Client to actively
monitor Ethereum data to respond to events deemed risky: operators
must execute an emergency response upon detection of a breach
Drosera’s system aligns incentives across protocols and
operators, giving birth to a new economy that it believes will
become the standard for web3 security. The network has already
gained significant traction, with over 25 protocols committed to
its Testnet, including Ion Protocol, EtherFi, and Gravita. It has
also secured partnerships with several node operators such as
Infstones, Everstake, Cosmostation, a41 and Blockscape, and joined
forces with security specialist GoPlus.
“We are excited about the experienced team and its relentless
drive to redefine on-chain security.” said Greenfield Principal
Jendrik Poloczek “In DeFi, economic audits and bug bounties are
simply not enough. Drosera provides the crucial building block of
holistic real time threat detection and incentivized
response.”
“Drosera’s approach to Web3 security leaves no stone unturned,”
said Paper Ventures Partner Ivailo Jordanov. “By leveraging a
decentralized network of node operators, they are creating a new
and exciting paradigm for security at the protocol level. We look
forward to seeing the impact the network has on the industry going
forward.”
Funds raised by Drosera will be used to accelerate product
development, recruit personnel, and prepare for the launch of
mainnet, scheduled for Q2 of 2024.
About Drosera:
Drosera is the decentralized immune system of
Ethereum.
By leveraging the next generation of smart contracts known as
"Traps”, Drosera provides adaptive and verifiable mechanisms that
act like antibodies, detecting and neutralizing vulnerabilities
before they can harm the ecosystem.
For partnership inquiries or more information, contact us
below:
Website
https://www.drosera.io/
Contact
Zain
zain@drosera.io
