Web3 Development Tools Provider Cubist Completes $7M Seed Round Led by Polychain Capital

According to The Block, Cubist, a provider of Web3 development tools, has completed a $7 million seed round of financing, led by Polychain Capital, with participation from Dao5, Polygon, Amplify Partners and Axelar. The funds will be used for recruitment, expansion and publicity of the SDK. Cubist was co-founded by Ann Stefan, a former fraud operations expert, and Riad Wahby, Fraser Brown, and Deian Stefan, computer security professors who have taught at institutions including Carnegie Mellon University and UC San Diego. Its long-term goal is to provide a set of security-focused tools that developers can use when deploying decentralized applications.