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§ Private Profile · Nashville, TN, USA
Station70 is a technology company.
Station70 develops security products for the crypto ecosystem, offering solutions for resilient disaster recovery, Web3 firewall protection, and enterprise identity management. Its technical approach integrates comprehensive security with scalable infrastructure, meeting stringent regulatory requirements through rigorous audits and robust architecture.
Station70 was co-founded by CEO Adam Healy and CTO Dr. Adam Everspaugh. Healy brings two decades scaling security organizations, formerly CISO at BlockFi and Bakkt. Dr. Everspaugh contributes deep expertise in applied cryptography from Coinbase and BlockFi, holding patents in secure multi-party computation, underpinning its core security.
Station70’s offerings cater to clients in the crypto space, from institutions needing robust infrastructure to individual users seeking digital asset protection. The company’s vision is to be the security backbone for Web3, ensuring trust and safety for widespread adoption across mainstream and institutional sectors.
Station70 has raised $5.0M across 1 funding round.
Station70 has raised $5.0M in total across 1 funding round.
Station70 has raised $5.0M in total across 1 funding round.
Station70's investors include Blockchain.com Ventures, Boldstart Ventures, Cadenza Capital Management, Castle Island Ventures, Cyberstarts VC, Faction VC, New Form Capital, The Hit Forge, Frederic Kerrest, Scott Belsky, CoinShares, Michael Shaulov.
Station70 has raised $5.0M across 1 funding round. Most recently, it raised $5.0M Seed in March 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Mar 1, 2024 | $5M Seed | — | Blockchain.com Ventures, Boldstart Ventures, Cadenza Capital Management, Castle Island Ventures, Cyberstarts VC, Faction VC, NEW Form Capital, The HIT Forge, Frederic Kerrest, Scott Belsky, Coinshares, Michael Shaulov, Notation Capital, SCB 10X, Semantic Ventures | Announced |
Station70 is a cybersecurity company founded in 2023 and headquartered in Nashville, Tennessee, specializing in disaster recovery and security solutions for digital assets in the Web3 and cryptocurrency sectors[1][2][4]. It offers a wallet-agnostic platform including products like Bunker for key backup and recovery, Foundatio, and Gatekeeper—an AI-powered enterprise security tool partnering with Cyvers.AI for threat detection and hosted cosigner services[1][2][5][6]. Serving institutions from small trading shops to large custodians, Station70 solves critical problems in digital asset protection, such as key loss, ransomware, data breaches, and regulatory compliance, with scalable, zero-trust infrastructure audited annually via penetration tests, cryptography reviews, and SOC 2 reports[1][2][3][5]. The company has raised $5M in funding, employs under 25 people, and demonstrates early growth through partnerships like Native Risk Collective and security validations by Halborn[3][4][5].
Station70 was founded in 2023 by CEO & Co-Founder Adam Healy and a Chief Technology Officer & Co-Founder, both with proven expertise in protecting billions in digital assets through advanced cryptography and hardware[2][3][4]. Emerging amid rising digital asset breaches and operational failures in the institutional crypto space, the company addressed a gap in secure, compliant disaster recovery for Web3 infrastructure[2][5]. Early traction came from rigorous third-party security audits and a security-first launch of its flagship Bunker product, validated by Halborn to meet enterprise standards before public release, enabling quick market entry for institutional clients[5].
Station70 rides the explosive growth of institutional Web3 adoption, where digital assets demand enterprise-grade security amid surging crypto market caps and regulatory scrutiny from bodies like the SEC[2][5]. Its timing aligns with post-2022 crypto winter lessons—frequent hacks, key losses, and compliance mandates—positioning it as a "security backbone" for custodians and traders in a market projected to integrate trillions in tokenized assets[2][5]. Favorable forces include rising demand for disaster recovery in fintech, partnerships amplifying ecosystem confidence (e.g., Native Insurance, Halborn, Cyvers.AI), and a shift toward zero-trust models in blockchain infrastructure[3][5][6]. By enabling secure scaling, Station70 influences the ecosystem, boosting institutional trust and reducing barriers for broader crypto integration in finance.
Station70 is poised for rapid expansion with its $5M funding fueling product launches like Gatekeeper and deeper Fireblocks integrations, targeting larger custodians amid maturing Web3 regulations[4][6]. Trends like AI-driven threat intelligence, tokenized real-world assets, and global compliance harmonization will propel its growth, potentially capturing share from legacy players in a fragmented market[1][2][6]. Its influence may evolve from niche recovery specialist to full-stack Web3 security leader, as partnerships and audits solidify its reputation—transforming institutional crypto from high-risk to resilient infrastructure[3][5]. This positions Station70 as a foundational player securing the next wave of digital finance.