Web3 security company Nucleus Security announced that it has received a strategic investment from Dcode Capital, which is backed by J.P.Morgan Asset Management. The specific amount and valuation have not been disclosed.
The new funds will be used to further enhance the platform capabilities of the security company, with a particular focus on expanding its coverage among federal agencies, defense contractors, and FedRAMP cloud service providers (CSPs). This strategic focus aims to address and comply with strict federal directives and regulations and improve the overall national cybersecurity infrastructure. (Fintech)