Cypherock raises $1M from leading industry leaders

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Cypherock raises $1M from leading industry leaders
Cypherock raises $1M from leading industry leaders

Cypherock is building a hardware wallet without a seed phrase

Cypherock, a hardware wallet startup that aims to accelerate Web3 adoption, raised $1 million from an array of industry leaders, including Consensys Mesh, Infinite Capital, Gnosis, Stefan George (Gnosis), Sandeep Nailwal (Polygon), Mahin Gupta (Zebpay and Liminal), OrangeDAO, Prasanna Sankar (Rippling), and Furqan Rydhan (Thirdweb & F Inc), among others.

The startup will use the investment to grow operations and launch the product earlier than the scheduled date.

Started by Rohan Agarwal and Vipul Saini in 2019, Cypherock is building a hardware wallet without a seed phrase. Its mission is to empower people to be self-sovereign and have the same peace of mind and control with their crypto and personal data they have with their savings in bank vaults, as per reported by YourStory.

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