What CyVers does

CyVers is a Web3 security company headquartered in Tel Aviv, Israel, founded in 2022. It provides a real-time threat detection and prevention platform for digital assets, using machine learning to analyze both on-chain and off-chain blockchain data to identify and prevent crypto attacks. The company primarily serves cryptocurrency exchanges and DeFi protocols, with named clients including Bit2C, Solidus Capital, and CoinMama. The platform processes structured blockchain data, including transactions, wallet addresses, smart contract interactions, and cross-chain bridge activity, alongside text-based alert generation, to detect suspicious patterns and fraudulent activities across multiple blockchain networks.

The core product, the CyVers Platform, uses anomaly detection as its primary AI capability and has demonstrated real-world performance, including identifying the $293 million Kelp DAO exploit, tracing stolen funds through platforms such as THORChain, Umbra, and BitTorrent, and corroborating on-chain data from sources like Arkham. The system supports rapid blacklist response to block secondary attack attempts. The company has also been credited with detecting cross-protocol contagion events, a growing concern in the DeFi ecosystem.

CyVers operates on a subscription-based revenue model through its security platform services, using a direct enterprise field sales motion targeting Web3 and DeFi platforms globally. The company raised $8 million in seed funding in December 2022, led by Elron Ventures with participation from Crescendo Venture Partners, Cyber Club London, CyberFuture, and Differential Ventures. Funds were earmarked for R&D and sales and marketing expansion. The company maintains a digital-first marketing presence through its website, blog, and published security reports, supplemented by demo request forms for bottom-of-funnel lead capture.

Name

CyVers

Website

https://cyvers.ai

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

11–50 employees

Short description

CyVers is a Tel Aviv-based Web3 security company that uses machine learning to detect and prevent crypto attacks in real-time, serving cryptocurrency exchanges and DeFi protocols with its on-chain and off-chain blockchain threat analysis platform.

Ownership category

akta.pro rank

Product category

Web3 Security

NAICS

Security Systems Services (except Locksmiths) (561621), Web Search Portals and All Other Information Services (51929), Web Search Portals and All Other Information Services (519290), Information (51)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Security Brokers, Dealers & Flotation Companies (6211), Finance Services (6199)

akta.pro primary industry

Fraud Detection, Scam Prevention & Account Takeover (Crypto) (FSADALAF)

akta.pro secondary industries

DEX Analytics, Indexers & Trading Terminals (FSADABAK), Market Surveillance & Trade Monitoring (Crypto) (FSADALAG), Decentralized Exchanges (DEX) & AMMs (FSAPADAB)

Keywords

• Web3 security
• Blockchain threat detection
• Crypto attack prevention
• Smart contract monitoring
• DeFi security

Headquarters

HQ city

Tel Aviv

HQ country

Israel

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations

Revenue model

1. Security Platform Services: CyVers provides a Web3 security platform that analyzes blockchain data to detect and prevent crypto attacks. The company generates revenue through security services and subscriptions for its threat prevention platform.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

CyVers provides a Web3 security platform that uses machine learning to analyze on-chain and off-chain data in real-time, detecting and preventing crypto attacks, exploits, and fraudulent transactions. The platform serves cryptocurrency exchanges, DeFi protocols, and digital asset platforms with threat detection, fund tracing, and rapid blacklist response capabilities.

Product overview

CyVers offers a unified Web3 security platform that provides real-time threat detection and prevention for digital assets. The core platform analyzes on-chain and off-chain blockchain data using machine learning technology to detect suspicious activities, identify exploits, and track stolen funds. The company serves cryptocurrency exchanges, DeFi protocols, and digital asset platforms including clients such as Bit2C, Solidus Capital, and CoinMama.

Differentiator

Problem solved

Functional benefit

Products and services

• CyVers Platform Real-time detection and prevention platform for digital asset threats that analyzes on-chain and off-chain data using machine learning to identify and prevent crypto attacks. The platform serves cryptocurrency exchanges, DeFi protocols, and digital asset platforms with threat detection, stolen fund tracing, and rapid blacklist response capabilities.

Quantifiable outcome

• Detected $293 million Kelp DAO exploit and identified protocol was 3 minutes away from additional $100 million loss before rapid blacklist blocked second attack attempt
• +2 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature1 record

Scale indicators1 record

Recent moves5 records

Expansion highlights4 records

Direct peers

• Blockaid: Blockaid provides real-time Web3 security for wallets and dApps, detecting malicious transactions and phishing. It targets exchanges and DeFi front-ends with a comparable real-time detection value proposition to CyVers.
• TRM Labs: TRM Labs provides blockchain intelligence for fraud detection, AML and crypto investigations, with on-chain monitoring across multiple chains. It competes most directly with CyVers in real-time threat detection and fund tracing for exchanges and protocols.
• Solidus Labs: Solidus Labs provides crypto-native market surveillance, fraud detection and AML monitoring across exchanges and DeFi. Its real-time trade and transaction surveillance overlaps directly with CyVers' detection platform.
• SlowMist: SlowMist is a blockchain security firm offering threat monitoring, exploit analysis and fund tracing, similar to CyVers. It is one of the most prominent Web3 security brands in Asia and a direct functional competitor.
• Blowfish: Blowfish provides real-time Web3 transaction simulation and threat detection for wallets and dApps, flagging scams and exploits before users sign. It targets the same Web3 security use cases as CyVers with a developer- and wallet-focused product.
• CertiK: CertiK is a leading Web3 security firm combining smart-contract auditing with on-chain monitoring and real-time threat detection. Its SkyNet/Alerting product overlaps closely with CyVers' real-time exploit detection capabilities.
• Hexagate: Hexagate offers on-chain security monitoring and threat detection for Web3 protocols, with a focus on real-time exploit prevention. It is a close functional peer to CyVers in the protocol-monitoring segment.
• PeckShield: PeckShield is a blockchain security company offering smart-contract auditing, on-chain monitoring and post-hack fund tracing. Its continuous monitoring product closely mirrors CyVers' threat detection and forensic tracing capabilities.

Broad incumbents

• Chainalysis: Chainalysis is the dominant blockchain analytics and compliance platform, serving governments, exchanges and financial institutions. It overlaps with CyVers in on-chain transaction monitoring and illicit-fund tracing, but operates at vastly larger scale and a broader compliance/regulatory scope.
• Elliptic: Elliptic offers blockchain analytics, transaction screening and crypto compliance tools to financial institutions and crypto businesses. Comparable to CyVers on the analytics/forensics side, but its enterprise and compliance focus places it as a broader incumbent.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds1 record

Investors6 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CyVers