PANews reported on April 8 that according to Forbes, AI cybersecurity startup Octane announced the completion of a $6.75 million seed round of financing, co-led by Archetype and Winklevoss Capital (the family office of Gemini founders Tyler and Cameron Winklevoss). Other supporters include crypto exchange Gemini Frontier Fund, Circle, Duke Capital Partners and a group of strategic angel investors, including former Coinbase CTO Balaji Srinivasan. The funds will be used for product development, expanding the engineering team and expanding Octane's influence.
According to reports, Octane's core proposition is to supplement the passive audit model with always-on AI defense. Octane currently focuses on smart contract vulnerabilities, but in the future the company aims to detect and prevent more complex attacks.
