- Funding round led by Polychain Capital
- The goal of the project is to facilitate the development of web3 technologies
- Funds raised are used to hire employees.
Cubist is a provider of web3 development tools focused on security, announced about the closing of the seed round of financing in the amount of $7 million. Polychain Capital became the main investor. In addition to her, Dao5, Polygon, Axelar, Amplify Partners and Blizzard took part in the round.
Cubist’s leadership includes a former head of fraud and computer security professors from UC San Diego and Carnegie Mellon University.
The idea of creating a startup arose after the co-founders realized that most of their scientific work can be applied to the web3 space.
“We don’t want web3 developers to have to think about the underlying technology their programs run on, which they have had to do until now. The long-term goal is to offer a set of security-focused tools that developers can use when deploying a decentralized application,” said one of the co-founders of the project.
The Cubist team has many years of experience in securing real world systems such as web browsers and runtime environments and has published over 80 academic papers on computer systems, programming languages, security and cryptography.
