Web3Firewall announces today that it has successfully closed a pre-seed investment round led by Laser Digital (Nomura’s digital asset subsidiary) gumi Cryptos Capital  (gCC), and SPEILLLP, a member of Susquehanna International Group. The company has developed an intelligence-driven risk and compliance platform specifically to meet the evolving challenges of companies engaged in blockchain technology and digital assets. 

Web3Firewall was founded in 2023 by Dr. Samer Fayssal, who was previously CISO and Head of  Security at digital asset custodian BitGo. Fayssal and team recognized that Web3 and blockchain  technology companies require a next-generation cybersecurity product rather than the fragmented  

solutions currently available. The product, Web3Firewall Enterprise, addresses increasingly sophisticated risk and compliance demands in one seamless platform, which is equipped to handle the unique risk profiles of DeFi, NFTs, DAOs, and other emerging Web3 applications, providing a security layer that will be able to keep pace as the tokenized economy develops. 

Web3Firewall Enterprise can be easily integrated with and tailored to security infrastructure through  APIs, which can detect, protect, and respond to malicious transactions and AML/KYC-related incidents even before they occur. Furthermore, the platform simulates transaction outcomes with artificial intelligence to enhance actionable insights. Additional accuracy and precision are delivered by machine learning to self-correct false negative and false positive results. Web3Firewall Enterprise is currently in a beta testing phase and is due to launch on to the market in Q2 this year. 

Dr. Samer Fayssal, CEO of Web3Firewall, commented, “We are grateful to have the support of our investors, who are aligned with our vision to bring intelligence-driven security to blockchain-enabled companies. As a proactive risk and compliance platform, Web3Firewall Enterprise provides actionable  insights so that these companies can better protect themselves and stay compliant.” 

Olivier Dang, Head of Ventures, Laser Digital, added “Laser Digital is delighted to support this  exciting project -- The uniquely heightened security and compliance of Web3Firewall’s product, which  proactively protects against malicious transactions, will allow institutional engagement in tokenized  and digital assets to grow and progress.” 

Miko Matsumura; Managing Partner of gumi Cryptos Capital, said, “One of the greatest dissatisfactions with web3 is ensuring strong cybersecurity measures. Web3Firewall has the strongest  team and vision for how to strengthen this key area” 

Vir Anand, Investor, Susquehanna Private Equity Investments, said, “As the crypto industry matures AML, compliance, detection and prevention becomes paramount. Samer and his team have  developed tools to assist companies in creating custom compliance parameters, that adhere to the  regulatory framework in which the company operates, as well as cutting-edge, self-learning solutions  that promise to provide unparalleled protection against malicious transactions in real-time to ensure a  protocol’s integrity.”