$6.75 Million (Seed) Raised For AI-Based Cybersecurity For Crypto
Octane announced it has secured $6.75 million in a seed funding round co-led by Archetype and Winklevoss Capital. The funding round also included participation from Gemini, Circle, Legion Capital, Druid Ventures, Duke Capital Partners and strategic angels including Balaji Srinivasan, Sina Habibian, and others.
Octane is an AI-based cybersecurity company utilizing machine learning to identify and fix vulnerabilities in blockchain codebases. And with crypto hacks exceeding billions of dollars, the growing market cap has intensified the risk posed by flawed contracts, especially considering crypto’s low-friction financial rails that make fund extraction easier for attackers.
The company also continuously analyzes…
