Olympix Raises $4.3 Million in Seed Funding to Enhance Smart Contract Security
Olympix, a startup focused on providing scalable security solutions for Web3, has recently closed a seed funding round, raising $4.3 million. The funding round was led by Boldstart Ventures, with participation from Robot Ventures and Shrug Capital, among others. This investment reflects the growing interest of venture capitalists in crypto companies that leverage artificial intelligence.
Here are the key points about Olympix and its seed funding round:
– Olympix was founded in June 2022 and aims to empower developers by offering security tools to minimize the risks associated with smart contract vulnerabilities.
– The startup utilizes AI to scan code in real-time as developers write it, providing security suggestions that can be easily resolved with a single click.
– Channi Greenwall, the founder of Olympix, previously worked at SecurityScorecard and JPMorgan, focusing on security and endpoint security, respectively.
– Olympix’s private alpha, which includes participation from notable companies like Blockdaemon, Rysk Finance, and Arrakis Finance, has helped developers secure over $300 million in assets since its launch.
– The latest funding round, with Boldstart Ventures as the lead investor, will enable Olympix to further enhance its security offerings and expand its reach.
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