Miami-based startup Halborn has closed its $90 million Series A funding round.

Announcing Our 🚀90M Series Led @SummitPartners with the participation of @DCGco @CastleIslandVC @tcprimevc @BHdigitalassets @skyvisioncap @FenwickWest!https://t.co/vKgPj1GpfA

— Halborn (@HalbornSecurity) 19 July 2022

The lead investor was Summit Partners, with participation from Castle Island Ventures, Digital Currency Group and hedge fund Brevan Howard. The startup did not disclose its valuation for the tour.

In a comment to Bloomberg, Halborn CEO Rob Behnke emphasized that the project’s focus on cybersecurity “provides some immunity to the crypto winter.”

“The price of cryptocurrency has nothing to do with our business. The most important thing is the growth of the entire industry,” he said.

It also drew attention to the activities of hackers targeting digital assets. Halborn currently works with Coinbase, Solana, and Ava Labs. Experts also advise Amazon, BNY Mellon, Nike, family offices and venture capital investors on risk reduction.

“They really want to make sure they don’t get hacked and they don’t lose all their money,” Behnke said.

In June, Halborn researchers discovered a vulnerability in most browser wallets, including MetaMask. The developers of the latter fixed the problem in the new version.

Previously, the Bridge Cross-Chain Interoperability and Liquidity Transfer Project team stated that the product passed Halborn’s security audits.

Recall that in the first quarter of 2022, hackers and scammers withdrew more than $ 1.22 billion from various protocols. The largest were the events of Wormhole and Ronin – $ 319 million and $ 625 million, respectively.

In the second quarter, the total loss of crypto projects as a result of hacking and fraud exceeded $ 670 million.

According to Atlas VPN, hackers targeting the industry have stolen $1.97 billion in assets since the start of the year.

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