Phylax Systems completes $4.5 million seed round funding for security protocol, led by Nascent and Figment Capital
On November 1st, security protocol Phylax Systems completed a seed round financing of $4.5 million. This round of financing is led by Nascent and Figment Capital, with other investors including Robot Ventures, Hash3, Bankless Ventures, Breed VC, Public Works, Banteg, Hari Mulackal, Laurence Day, Ryan Lackey, Nic Carter, Nader Dabit, Eric Wall, and others. Phylax Systems is a security protocol designed to address encryption security challenges. Phylax Systems will build The Credible Layer, an active hacker prevention protocol that allows dApps to define hacker attack prevention rules and communicate them to blockchain builders, specifying the states they want to prevent and taking measures before a hacker attack occurs.
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