Octane Emerges From Stealth With $6.5 Million

<p><strong><span class&equals;"legendSpanClass"><span class&equals;"xn-location">SAN FRANCISCO<&sol;span><&sol;span><&sol;strong> &&num;8212&semi; <u><a href&equals;"https&colon;&sol;&sol;www&period;octane&period;security&sol;" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">Octane<&sol;a><&sol;u> has secured <span class&equals;"xn-money">&dollar;6&period;75 million<&sol;span> in a Seed funding round co-led by Archetype and Winklevoss Capital&period; The round also included participation from Gemini&comma; Circle&comma; Legion Capital&comma; Druid Ventures&comma; Duke Capital Partners and strategic angels including <span class&equals;"xn-person">Balaji Srinivasan<&sol;span>&comma; <span class&equals;"xn-person">Sina Habibian<&sol;span>&comma; and many others&period;<&sol;p>&NewLine;<p>Octane is an AI cybersecurity startup using machine learning to identify and fix vulnerabilities in blockchain codebases&period; With crypto hacks exceeding <u><a href&equals;"https&colon;&sol;&sol;c212&period;net&sol;c&sol;link&sol;&quest;t&equals;0&amp&semi;l&equals;en&amp&semi;o&equals;4400955-1&amp&semi;h&equals;3752540659&amp&semi;u&equals;https&percnt;3A&percnt;2F&percnt;2Fdefillama&period;com&percnt;2Fhacks&amp&semi;a&equals;&percnt;2411&plus;billion" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener"><span class&equals;"xn-money">&dollar;11 billion<&sol;span><&sol;a><&sol;u> according to DefiLlama&comma; the growing market cap has intensified the risk posed by flawed contracts&comma; especially given crypto&&num;8217&semi;s low-friction financial rails that make fund extraction easier for attackers&period;<&sol;p>&NewLine;<p>The company continuously analyzes onchain smart contracts&comma; equipping developers with AI-powered tools for proactive threat detection and one-click bug fixes&period; This approach enhances developers&&num;8217&semi; ability to catch bugs before deployment and throughout the entire software development lifecycle&comma; addressing a critical security gap in the industry&period; Octane will soon offer code analysis for offchain codebases as well&period;<&sol;p>&NewLine;<p>&&num;8220&semi;Flawed blockchain code enables billions in theft across crypto&comma; with vulnerable smart contracts creating an ever-expanding attack surface as more value enters the ecosystem&comma;&&num;8221&semi; said <span class&equals;"xn-person">Giovanni Vignone<&sol;span>&comma; CEO&comma; Octane&period; &&num;8220&semi;Octane&&num;8217&semi;s AI continuously scans codebases&comma; empowering developers with proactive threat detection and one-click fixes throughout the entire development lifecycle—eliminating vulnerabilities before attackers can exploit them&period;&&num;8221&semi;<&sol;p>&NewLine;<p>Octane will use the funds to increase product development velocity&comma; expand their team&comma; mass label vulnerability data&comma; and get their platform into the hands of every developer building in crypto&period;<&sol;p>&NewLine;<p>&&num;8220&semi;Securing smart contracts on the blockchain is one of the biggest challenges facing any crypto developer&comma;&&num;8221&semi; said <span class&equals;"xn-person">Tyler Winklevoss<&sol;span>&period; &&num;8220&semi;Octane allows devs to battle-test their smart contract code with AI-powered security testing before it hits production on the blockchain&period; This is huge for devs&comma; companies&comma; and mainstream crypto adoption&period;&&num;8221&semi;<&sol;p>&NewLine;