Odaily Planet Daily News Web3 security company SphereX completed a financing of US$8.2 million at a valuation of US$24 million, led by Aleph, and participating investors included Pillar VC, Fabric Ventures and Mensch Capital Partners.
It is reported that the product SphereX Protect launched by SphereX allows blockchain applications to prevent the execution of suspicious transactions. Developers of protocols and applications can inject SphereX's code into their software to flag future transactions that SphereX deems suspicious by analyzing past normal and abnormal transactions. (fortune)