Naoris Protocol, a startup cybersecurity network, has raised $11.5 million in funding from major investors around the world. Draper Associates (established by Tim Draper), Holt Xchange, Holdun Opportunity Fund, Brendan Holt Dunn, Holdun Family Office, SDC Management, Expert Dojo, Uniera and Level One Robotics are just a few of the well-known tech investors who contributed to the funding round. In addition, several angel investors participated in the funding round.
What’s different about the Naoris protocol?
Remote-first and decentralized enterprises can rely on Naoris Protocol’s cybersecurity solutions. Its Decentralized Cybersecurity Mesh technology is capable of mitigating threats across all devices, networks, and types of institutions. Also, it is able to offer a robust solution for any zero-trust architecture. The peer-to-peer design and trustless verification of the blockchain are key advantages of the decentralized mesh.
The Naoris Protocol is designed to enhance existing cyber defensive measures. The principal objective is to detect security violations and validate compliance. By becoming a member of the Naoris Protocol, you will be able to participate in the real-time exchange of threat information and intelligence while also contributing to the network through the Naoris Protocol daemon.
Instead of days or months for the discovery of a security breaches, Naoris’ Hyperstructure-inspired network can detect them in minutes. As a result of Cybersecurity Mesh technology, it is now possible to save up to 90% of the value that would have otherwise been lost due to individual cybersecurity incidents. This happens by detecting them in time and acting upon them in accordance with a consensus reached across a network.
The Naoris Blockchain presents a novel approach for recording proof of trust that is both confidential and verifiable. By the end of 2022, the Protocol will have a working MVP in place. The full product will be available for use by clients in the financial, industrial, civil infrastructure and healthcare sectors, as well as nation states, by mid-2023.