The Seed round was led by Archetype and Winklevoss Capital, leading to US$6.75 million in funds raised for Octane.
AI cybersecurity startup Octane has secured US$6.75 million in a Seed funding round co-led by Archetype and Winklevoss Capital.
The round saw participation from Gemini, Circle, Legion Capital, Druid Ventures, Duke Capital Partners, plus strategic angels including Balaji Srinivasan.
With crypto hacks becoming more common, Octane aims to use machine learning to identify and fix vulnerabilities in blockchain codebases. The company continuously analyses on-chain smart contracts, equipping developers with AI-powered tools for proactive threat detection
“Flawed blockchain code enables billions in theft across crypto, with vulnerable smart contracts creating an ever-expanding attack surface as more value enters the ecosystem,” said Giovanni Vignone, CEO, Octane. “Octane’s AI continuously scans codebases, empowering developers with proactive threat detection and one-click fixes throughout the entire development lifecycle — eliminating vulnerabilities before attackers can exploit them.”
The funds will be used to increase product development velocity, expand their team, and conduct outreach to crypto builders and developers.
“Securing smart contracts on the blockchain is one of the biggest challenges facing any crypto developer,” said Tyler Winklevoss. “Octane allows devs to battle-test their smart contract code with AI-powered security testing before it hits production on the blockchain. This is huge for devs, companies, and mainstream crypto adoption.”
“The importance of making crypto applications more secure is obvious and Gio and his world-class team have built just the platform to meet this need and help crypto devs and crypto companies ship more secure code,” added Cameron Winklevoss. “We’re excited to back them on this journey.”
Ash Egan, General Partner at Archetype, said: “By leveraging LLMs to identify attack surfaces before deployment, we believe Octane expands the crypto security purview beyond traditional audits and does so with a developer-first mentality. The Archetype team is ecstatic to lead Octane’s $6.75M Seed round and help evolve crypto security alongside the technology and asset class.”
