Drosera Raises $4.75M to Create the Immune System for Ethereum

San Juan, Puerto Rico, February 10th, 2025, Chainwire Drosera, an innovative Ethereum-aligned security automation layer, positioned as the immune

Web3 protocol security platform Drosera has closed its latest funding round at $4.75 million, aiming to establish itself as the immune system for the Ethereum network.

The funding round was led by Greenfield Capital, with participation from Anagram, Paper Ventures, Arrington Capital, UDHC and Pulsar. Several angel investors also joined the round, including Jan Baeriswyl, Luke Hackett, Felix Lutsch, Max from DeFine Logic Labs, Diogo Costa, Yaroslav Pshenitsyn, Peter Kim, Mara Schmidt, Daniel and Abhishek from Swell Labs, Anuj Shankar, and Collin Myers.

Drosera describes itself as an innovative Ethereum-aligned security automation layer, aiming to arm protocols with the ability to autonomously detect and neutralize threats before they can cause any harm. By significantly reducing the risk of exploits, Drosera aims to contribute to a more resilient and trustworthy DeFi ecosystem.

According to Drosera, over 3,700 web3 protocols have fallen victim to exploits enabled by security failings and vulnerabilities. Drosera aims to provide a cutting-edge solution to this pressing issue.

“This raise is a pivotal milestone for Drosera as we continue our mission to redefine security standards within the decentralized finance space,” said Fernando Reyes (FDR), Founder and CEO of Drosera.

“This funding will enable us to scale and push the boundaries of what’s possible in protocol security, ensuring that every project built on Ethereum can operate with greater resilience against the ever-evolving landscape of cyber threats. Honing in our mission to actualize a Web3 without Compromise”

Drosera's approach is modeled as Ethereum's immune system, enabling protocols to delegate their security infrastructure to a decentralized network of node operators. This system operates similarly to antibodies in a biological immune system. It works as follows:

- Protocols create Traps, which are highly customizable Solidity-based smart contracts that define application security parameters

- Protocols can then choose to deposit funds into Traps, creating value for third-party operators who use the Drosera Client to actively monitor Ethereum data to respond to events that are deemed risky: these operators must execute an emergency response upon detection of a breachDrosera's system aligns the incentives of both protocols and operators, creating a new economy that Drosera believes will become the standard for web3 security. The network has already gained significant traction, with over 25 protocols committed to its Testnet, including Ion Protocol, EtherFi, and Gravita. It has also secured partnerships with several node operators such as Infstones, Everstake, Cosmostation, a41 and Blockscape, and joined forces with security specialist GoPlus.

“We are excited about the experienced team and its relentless drive to redefine on-chain security.” said Greenfield Principal Jendrik Poloczek “In DeFi, economic audits and bug bounties are simply not enough. Drosera provides the crucial building block of holistic real time threat detection and incentivized response.”

“Drosera’s approach to Web3 security leaves no stone unturned,” said Paper Ventures Partner Ivailo Jordanov. “By leveraging a decentralized network of node operators, they are creating a new and exciting paradigm for security at the protocol level. We look forward to seeing the impact the network has on the industry going forward.”

The funds raised by Drosera will be used to accelerate product development, recruit personnel, and prepare for the launch of mainnet, which is scheduled for Q2 of 2024.