Cypherock, a hardware wallet startup with a mission to accelerate web3 adoption, has raised $1 million from an array of reputed industry 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.
Started by Rohan Agarwal and Vipul Saini in 2019, Cypherock is building the world’s first hardware wallet without a seed phrase. 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.
Cypherock not only mitigates the problem of a single point of failure with private keys, but also removes the requirement of seed phrase backups entirely, reducing the attack surface for crypto holders.
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