Naoris Protocol has raised USD3 million in a strategic funding round led by Mason Labs, that includes Frekaz Group, Level One Robotics and Tradecraft Capital following a six-month technical due diligence process.
The round, which includes proceeds from Naoris’s public sale and related allocations, was oversubscribed, prompting the team to open a new institutional raise.
“The strong interest we’ve seen from institutions reflects how urgently the industry is beginning to take the threat of quantum computing seriously,” said Naoris Protocol CEO David Carvalho. “This investment supports our mission to future-proof the blockchain ecosystem before these risks become reality.”
Mason Labs, a venture capital firm focused on infrastructure-grade technologies, conducted a detailed review of Naoris Protocol’s post-quantum trust structure prior to securing the entire VIP allocation.
“In recent years, cybersecurity issues related to digital assets have become increasingly severe and a serious challenge also faced by Mason Labs as an institution focusing on on-chain asset trading and investment,” said Mason Labs Founder Rain Huan. “Naoris Protocol’s groundbreaking infrastructure layer has the potential to effectively mitigate such security risks. If successful, this would represent a substantial advancement for the Web3 ecosystem.”
This latest round follows a USD31 million fundraise in 2022 backed by Tim Draper, the Holdun Family Office, Expert Doja, Uniera, and other institutional investors.
