AI-Backed Web3 Security Firm Olympix Raises $4.3M

 

Olympix raises $4.3 million for AI-backed Web3 security (Pixabay)

Olympix, a startup that aims to bring scalable security to Web3, has announced the recent close of a $4.3 million seed funding round that was led by Boldstart Ventures. Other participants included Robot Ventures and Shrug Capital, among others. The investment marks the latest in a growing trend of venture capitalists backing artificial intelligence-backed crypto companies.

Founded in June 2022, Olympix puts security tools in the hands of developers who are just starting to build projects to minimize the risks of smart contract vulnerabilities that can cost time and money to go back and fix. Olympix utilizes AI to scan the code as a developer types, making security suggestions that can be solved with one click.