The company intends to use the funds to accelerate recruitment, product updates, and partnerships to safeguard the crypto ecosystem preventing, compensating, and protecting against crypto threats.
Led by CEO David Janczewski and CTO Adam Smith, Coincover enables digital asset businesses to build trust by providing the possible protection against malicious activity and the loss of cryptocurrency. The company specializes in developing, evolving and maintaining military-grade encryption tech, which in-house security teams cannot replicate.
Coincover already works with more than 300 businesses, from exchanges and wallets to hedge funds, family offices, and banks. The firm also works directly with a number of digital asset custodians to keep their clients safe. Current customers include Fireblocks, Bitso, and many more.