HomeInsightFunding Alert Cypherock Raises $1 mn in Funding Round

[Funding alert] Cypherock Raises $1 mn in Funding Round

Cypherock, a hardware wallet startup raises $1 mn from well-known business leaders including Consensys Mesh, Infinite Capital, Gnosis, Stefan George (Gnosis), Sandeep Nailwal (Polygon), Mahin Gupta (Zebpay & Liminal), OrangeDAO, Prasanna Sankar (Rippling), and Furqan Rydhan (Thirdweb & F Inc) amongst others.

Cypherock, a hardware wallet startup raises $1 mn from well-known business leaders including Consensys Mesh, Infinite Capital, Gnosis, Stefan George (Gnosis), Sandeep Nailwal (Polygon), Mahin Gupta (Zebpay & Liminal), OrangeDAO, Prasanna Sankar (Rippling), and Furqan Rydhan (Thirdweb & F Inc) amongst others.

Reputable participants from the rapidly developing IT sector themselves took part in the round, as per reported by BW Disrupt.

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Rohan Agarwal, Founder & CEO of Cypherock said, “We appreciate the support of all investors who believed in our product. The investment increased our team’s confidence and unquestionably contributed to the development of our business, enabling us to grow our operations and launch the product earlier than the scheduled date. Additionally, we are making a concerted effort to expand the demand for our product line and attract clients in India as well as in the international markets.”

“Cypherock’s mission is to empower people to be self-sovereign and to have the same peace of mind and control with their crypto and personal data that they have with their savings in bank vaults,” said in a release.

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In 2019, Rohan Agarwal and Vipul Saini founded Cypherock. It is building a World’s Safest Crypto hardware wallet without a seed phrase.

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