Redefine raises $11 million Seed round

Israeli blockchain security startup Redefine announced on Monday that it has raised an $11 million Seed round at a $50 million valuation. Redefine develops a DeFi security solution catering to institutional investors in order to help them manage investment risks through a smart platform that automatically analyzes risk, monitors market changes in real time, and proactively protects capital in the event of a cyber attack. Emphasis is placed on automating due-diligence and risk-monitoring processes that are usually performed manually, allowing investors to deploy capital into the latest projects and to monitor the risks associated with their positions in a scalable manner.

The Seed round was led by Palo Alto-based Ribbit Capital, with participation from Jump Capital and ParaFi Capital. Ribbit Capital has previously invested in the likes of Coinbase, Robinhood and Chainalysis. ParaFi Capital and Jump Capital, both U.S.-based, focus on early stage investments of blockchain-centric companies through their venture capital arms.

https://www.calcalistech.com/ctech/articles/0,7340,L-3927366,00.html

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Redefine offers advanced end-to-end security solutions for DeFi investors and traders. Our platform supports our customers throughout their DeFi investment journey. We provide customers with a dynamic risk score, real-time risk monitoring of their portfolio, and active features that save investors’ funds in case of an attack or indication of imminent financial loss.

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