Coincover Secures $30 Million in Funding Led by Foundation Capital

Coincover, a digital asset security firm, announced it has received $30 million in funding from a group led by Foundation Capital and including CMT Digital. The funding will be used to recruit new talent, improve products, and form new partnerships to strengthen the security of the crypto ecosystem.

Coincover was established in 2018 with the goal of increasing trust in digital assets. The company works with over 300 businesses, including exchanges, wallets, and banks, to provide proactive protection from both cyberattacks and human error.

Coincover offers a set of technologies for protection, security, and recovery of digital assets for both personal and corporate customers. The technology includes a proprietary Hack Checker that identifies suspicious activity, as well as disaster recovery services, a vault, insurance, technical expertise, training, testing, and high-security hardware.