Winklevoss-Backed Startup Octane Raises Millions to Fight Blockchain Hacks with AI
Blockchain projects face significant vulnerabilities to cyberattacks, particularly targeting individual projects and cross-chain bridges, resulting in billions lost. In 2024, hackers stole approximately $2.2 billion in crypto, with 2025 figures nearing that amount. Octane, a startup launched in 2023 by CEO Giovanni Vignone, aims to enhance blockchain security using AI. The company developed an AI-powered code auditor that identifies vulnerabilities in real-time as developers write code, integrating with the GitHub pipeline. Octane recently secured $6.7 million in funding from investors including Winklevoss Capital and Gemini. Initially focused on Solidity and Ethereum projects, Octane plans to expand to Solana and other blockchains. Vignone envisions redefining security in development processes by providing teams with an AI security engineer trained on extensive exploit data.
