Ethereum security protocol Drosera completes $3.25 million funding, led by Greenfield Capital

ChainCatcher news, the Ethereum security protocol Drosera has completed a $3.25 million funding round, bringing the total funding to $4.75 million. This round was led by Greenfield Capital, with participation from Anagram, Paper Ventures, Arrington Capital, UDHC, Pulsar, and several angel investors including Jan Baeriswyl, Luke Hackett, Felix Lutsch, Max from DeFine Logic Labs, Diogo Costa, Yaroslav Pshenitsyn, Peter Kim, Mara Schmidt, Daniel from Swell Labs, Abhishek, Anuj Shankar, and Collin Myers.

The funds raised by Drosera will be used to accelerate product development, recruit personnel, and prepare for the mainnet launch planned for the second quarter of 2024.

According to RootData, Drosera is a decentralized event response protocol that leverages hidden security intentions to curb and mitigate vulnerability crises. It is an automated protocol that abstracts the complexity of creating monitoring systems and automated response capabilities for decentralized applications. Drosera provides a framework for creating and executing automated responses to events on the Ethereum network.