Web3 Startup Cypherock Closed $1 Million Funding Round with Gnosis

Web3 startup Cypherock closed a $1 million funding round with participation from Gnosis, Consensys Mesh, Infinite Capital and others. The funds raised will be used to grow its business and launch its MPC-based hardware wallet product earlier than scheduled.

Cypherock also intends to add value to their customer through NFT support, on/off ramp solutions, further capabilities related to MPC & Multi-Sig support, and other features including making crypto inheritance seamless.