Cybersecurity mesh platform Naoris Protocol bags $3m

Naoris Protocol, a blockchain and cybersecurity infrastructure company, has raised $3m in a strategic round.

The funding was led by Mason Labs, with additional backing from Frekaz Group, Level One Robotics and Tradecraft Capital. The round, which followed six months of technical due diligence, and was oversubscribed, prompting a new institutional raise launched on 29 May.

Naoris Protocol offers a decentralised cybersecurity mesh that protects blockchain and enterprise systems from the lowest level up. Its plug-and-play platform uses post-quantum cryptography and AI and operates without the need for a hard fork.

Naoris Protocol CEO and founder David Carvalho said, “The strong interest we’ve seen from institutions reflects how urgently the industry is beginning to take the threat of quantum computing seriously. This investment supports our mission to future-proof the blockchain ecosystem before these risks become reality.”

Mason Labs founder Rain Huan added, “In recent years, cybersecurity issues related to digital assets have become increasingly severe and a serious challenge also faced by Mason Labs as an institution focusing on on-chain asset trading and investment. Naoris Protocol’s groundbreaking infrastructure layer has the potential to effectively mitigate such security risks. If successful, this would represent a substantial advancement for the Web3 ecosystem.”

The company previously raised $31m in 2022 from investors including Tim Draper and the Holdun Family Office.

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