Octane, a Chicago, IL-based AI cybersecurity startup using machine learning to identify and fix vulnerabilities in blockchain codebases, has raised $6.75 million in seed funding.
Investors
The round was co-led by Archetype and Winklevoss Capital, with participation from Gemini, Circle, Legion Capital, Druid Ventures, Duke Capital Partners, and strategic angel investors, including Balaji Srinivasan and Sina Habibian.
Archetype is an early-stage venture capital firm based in SoHo, Manhattan, New York City. Founded in 2021, the firm focuses on accelerating the decentralized future by investing in the next generation of crypto founders who are disrupting existing markets and creating new ones.
Winklevoss Capital is a venture capital firm that invests in early-stage startups across sectors like space, cryptocurrency, energy, and biotechnology. Founded in 2012 and is based in New York.
Octane Use of Funds
The company will use the funds to accelerate product development, expand the team, mass-label vulnerability data, and get their platform into the hands of every developer building in crypto.
About Octane
Founded and led by Giovanni Vignone, Octane is an AI cybersecurity platform that uses machine learning to identify and fix vulnerabilities in smart contracts, enhancing security for the growing crypto ecosystem. Its platform continuously analyzes blockchain codebases to identify and remediate vulnerabilities before they can be exploited, protecting billions in crypto assets through proactive threat detection and automated fixes. Octane integrates seamlessly into the continuous integration and continuous deployment (CI/CD) pipeline, providing real-time analysis to identify and fix vulnerabilities before deployment.
Funding Details
Company: Octane
Raised: $6.75M
Round: Seed
Funding Date: April 2025
Lead Investors: Archetype, Winklevoss Capital
Additional Investors: Gemini, Circle, Legion Capital, Druid Ventures, Duke Capital Partners, Balaji Srinivasan, Sina Habibian
Company Website: https://www.octane.security/
Software Category: Cybersecurity
Source: https://www.prnewswire.com/news-releases/octane-launches-from-stealth-raising-6-75m-to-build-ai-powered-cybersecurity-for-crypto-302423335.html?tc=eml_cleartime