Octane, a San Francisco-based startup focused on analyzing blockchain smart contracts for security flaws
has secured $6.75 million in seed funding. The investment round was led by Archetype and Winklevoss Capital, with additional backing from prominent venture firms including Gemini, Circle, Legion Capital, Druid Ventures, and Duke Capital Partners.
The startup is developing a platform designed to continuously scan and review on-chain code for vulnerabilities, offering developers actionable insights and one-click fixes to enhance the security of smart contracts. Octane is positioning its technology as essential infrastructure for blockchain developers to secure applications both before and after deployment.
“Flawed blockchain code has enabled billions in crypto theft,” said Giovanni Vignone, CEO of Octane. “As more value enters the ecosystem, vulnerable smart contracts continue to expand the attack surface.”
Leveraging AI and machine learning, Octane’s platform aims to “battle-test” smart contracts by detecting both common coding issues and highly specific, protocol-level vulnerabilities. A key feature of the platform is its Code Fix Engine, which is designed to automatically mitigate weaknesses in Solidity-based contracts.
With the new capital, Octane plans to accelerate its product development, grow its team, and scale its platform across the broader crypto developer landscape.
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