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SINGAPORE – Media OutReach<\/a> – 23 August 2021 – Singapore-based blockchain security firm CYBAVO<\/a> announces that it has raised $4 million
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“The company intends to use the latest funding
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Digital asset custody and management is a USD
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This year, CYBAVO was accepted into 500
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“The digital asset market has grown
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When asked about his insights on the future of
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“With an ever-increasing number of
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CYBAVO is the leading provider for blockchain
SINGAPORE – Media OutReach – 23 August 2021 – Singapore-based blockchain security firm CYBAVO announces that it has raised $4 million
USD in its Pre-Series A funding round. The round, completed in June, was co-led
by global venture capital firm 500 Startups, Taiwan’s H&D Asset Management
Company and New Economy Ventures. Other investors from Taiwan, …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60],"tags":[],"_links":{"self":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/17111"}],"collection":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/comments?post=17111"}],"version-history":[{"count":0,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/17111\/revisions"}],"wp:attachment":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media?parent=17111"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/categories?post=17111"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/tags?post=17111"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nUSD in its Pre-Series A funding round. The round, completed in June, was co-led
\nby global venture capital firm 500 Startups, Taiwan’s H&D Asset Management
\nCompany and New Economy Ventures. Other investors from Taiwan, Silicon Valley,
\nSingapore, Hong Kong and Japan also participated in the round.<\/p>\n
\n
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\nto fuel expansion in the East Asian, European, and North American markets,”
\nsays Paul Fan, CEO of CYBAVO. “The funds will also be used for continued
\ninvestment in the research and development of cybersecurity and blockchain
\ntechnology, and to further raise the level of customer and product
\nsatisfaction.”<\/p>\n
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\n$20 billion market, but not many companies offer end-to-end turn-key solutions
\nfor enterprises and institutional investors. CYBAVO offers these investors a
\nsolution to achieve frictionless adoption of crypto assets with a focus on
\ndigital asset security and regulatory compliance.<\/p>\n
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\nStartups’ flagship accelerator program. Through the program, it will have
\naccess to its global network of mentors, founders, and industry stakeholders.
\nThe company also opened its first European office in Luxembourg and completed Fit 4 Start<\/a>, Luxembourg’s leading startup
\nacceleration program. The program provided CYBAVO with tailored coaching,
\nfunding, access to key network connections, and advice on regulations and the
\nmarket in Europe. In June, CYBAVO won first place in SelectUSA Investment Summit’s Cybersecurity pitching
\nsession<\/a>, a program led by the U.S. Department of Commerce. These
\nachievements further showcase the company’s intent to deliver a successful
\ninternational expansion. <\/p>\n
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\nrapidly over the past couple of years, but the market lacks a secure
\ninstitutional grade end-to-end solution. Thanks to the experience and vision of
\nCYBAVO’s founding team, we think there’s great potential for the company to
\ndevelop into a full-stack digital asset management platform,” said Shawn
\nChu, Principal at 500 Startups.<\/p>\n
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\ndigital assets, Managing Partner at New Economy Ventures Ethan Tsai said, “We
\nare optimistic about the future growth and development of digital assets and
\nblockchain technology and we are particularly interested in partnering with
\ntechnology companies that can provide infrastructure for crypto assets. We believe
\nCYBAVO can leverage its long-term technical and talent advantage in
\ncybersecurity to address the huge market potential of “real assets to
\ncrypto assets”.”<\/p>\n
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\ntransactions taking place, cryptocurrency and digital assets are undoubtedly
\none of the fastest growing trends today. The protection of these assets is the
\nbasic building block of this industry, and one of the most important issues the
\nindustry must tackle is how to manage private keys in a secure and efficient way.
\nI’m very glad that the team at CYBAVO can present an unrivaled solution for
\nprivate key management. This solution not only provides security, but it’s also
\nan end-to-end, intuitive and easy-to-use system that increases operational
\nefficiency. We trust that CYBAVO’s institutional wallet solution will make
\ntransactions in cryptocurrency as safe and convenient as transactions in
\ntraditional banking institutions we’ve come to trust. Here at H&D Asset
\nManagement we’re happy to be a part of CYBAVO’s growth, and proud to witness
\nits journey to becoming a leading organization in the cryptocurrency industry,”
\nsaid Chu Ping-Yu, Chairman of the Board at H&D Asset Management.<\/p>\n
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\nsecurity solutions in Asia Pacific. Its extensive list of enterprise customers
\ninclude cryptocurrency exchanges, fund management companies, cryptocurrency
\nwallet providers, and fintech service providers. The company is insured by
\nS&P AA-rated global reinsurance company, and holds certifications for ISO
\n27001 and NIST’s Cryptographic Module Validation Program.<\/p>\n<\/p><\/div>\n\n
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