AI-Backed Web3 Security Firm Olympix Raises $4.3M

1 year ago

Olympix, a startup that aims to bring scalable information to Web3, has announced the caller adjacent of a $4.3 cardinal effect backing round that was led by Boldstart Ventures. Other participants included Robot Ventures and Shrug Capital, among others. The concern marks the latest successful a increasing inclination of task capitalists backing artificial intelligence-backed crypto companies.

Founded successful June 2022, Olympix puts information tools successful the hands of developers who are conscionable starting to physique projects to minimize the risks of astute declaration vulnerabilities that tin outgo clip and wealth to spell backmost and fix. Olympix utilizes AI to scan the codification arsenic a developer types, making information suggestions that tin beryllium solved with 1 click.

Olympix laminitis Channi Greenwall antecedently led a merchandise squad astatine information ratings supplier SecurityScorecard that was focused connected endpoint security. She had besides served arsenic a information technologist connected JPMorgan’s cyber defence team.

“Out of the galore wins Olympix has had implicit the past year, I’m astir arrogant of the results of our static analyzer backstage alpha,” wrote Greenwall successful the announcement post. “With 30+ companies participating, including Blockdaemon, Rysk Finance, and Arrakis Finance, we’ve go a trusted portion of the developer workflow not conscionable to find and hole vulnerabilities, but assistance the developer go much blase done real-time micro-teaching moments. Most notably, our backstage alpha has helped developers unafraid implicit $300 cardinal successful assets since its launch.”

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