Startup Octane Develops AI Technology to Improve Blockchain Project Security

Updated

April 10, 2025

Gambar Startup Octane Develops AI Technology to Improve Blockchain Project Security

Jakarta, Pintu News – The development of the blockchain and cryptocurrency industry continues to show positive trends, but on the other hand it also faces major challenges related to security. The number of hacks targeting crypto projects has prompted the birth of new technology-based solutions.

One company that is rising to the challenge is Octane, a San Francisco-based startup. With funding support from renowned investors such as Winklevoss Capital, Octane seeks to bring artificial intelligence technology to strengthen the security system of blockchain projects.

The Growing Threat of Hacking in the Cryptocurrency Industry

Despite blockchain technology’s strong security characteristics, hacking threats to the crypto ecosystem are still on the rise. This is largely due to weaknesses in the code of crypto projects or applications, especially in new projects and cross-chain bridges. In recent years, the crypto industry has recorded billions of dollars in losses due to these cyberattacks.

Throughout 2024, hackers stole $2.2 billion worth of crypto assets. The figure continued to grow in early 2025, approaching the previous year’s total loss in just a few months. This situation is driving the need for more sophisticated security solutions, especially those that can prevent exploits early on.

Also Read: Bitcoin (BTC) is recovering, but big hurdles still loom in April 2025

Octane’s Role in Improving Blockchain Security

Octane comes as a solution that utilizes AI to detect potential vulnerabilities in the code of crypto projects. Founded by Giovanni Vignone in 2023, Octane offers an AI-based automated code auditor service that can integrate directly with GitHub pipelines. With this technology, developers can detect and fix bugs early before their code is exploited.

Octane is able to automatically analyze pull requests, summarize code changes, and provide alerts regarding potential security holes. This allows developers to more quickly and efficiently fix errors, while improving the quality and security of the crypto applications being developed.

Funding and Support from Leading Investors

To support the development of its technology, Octane successfully secured funding of $6.7 million or around Rp113.9 billion. The funding was led by Winklevoss Capital and Archetype, and involved other investors such as Druid Ventures, Circle, Gemini, Legion Capital, and Duke Capital Partners.

Tyler Winklevoss, co-founder of Gemini, revealed that security is a major need for today’s crypto applications. According to him, the platform built by Octane is very appropriate to help crypto developers create code that is more secure and resistant to hacker attacks.

Octane’s Expansion Plans and Future Vision

Initially, Octane’s services focus on projects based on the Ethereum Virtual Machine (EVM) and Solidity programming language. However, the company has expansion plans to support other blockchains such as Solana and various other crypto ecosystems.

Giovanni Vignone said that Octane’s vision is not only to find bugs, but also to change the way security is applied in the crypto software development process. By utilizing AI trained on millions of exploit data, Octane wants to bring an “AI engineer” to every crypto development team, making security an integral part of every stage of development.

Security Challenges in the Blockchain Ecosystem

While blockchain technology continues to evolve, vulnerabilities at the application or smart contract level remain a major challenge. Many crypto projects have suffered huge losses due to code that hasn’t been properly tested or evaluated, leaving the door open for hackers to exploit.

Solutions like Octane are becoming increasingly important in the crypto ecosystem. With a more proactive, AI-driven approach, developers can identify and fix vulnerabilities before they are exploited by irresponsible parties.

The Importance of Security Integration in the Development Process

So far, the approach to security in crypto application development has often been reactive. This is certainly very risky amidst the high economic value revolving in the cryptocurrency industry. Therefore, the integration of security tools such as Octane’s AI auditor is an important strategy to ensure system security from the start.

With this integration, development teams can more quickly detect issues, fix errors, and increase user confidence in the crypto platforms they build. This approach also encourages the industry to be better prepared for increasingly complex cyber threats.

The Impact of Funding on the Future of Blockchain Security

With fresh funding and technology in development, Octane has a great opportunity to become a major player in the blockchain security sector. The company can expand its team, enhance its technological capabilities, and extend its reach into more crypto ecosystems.

Octane’s success could inspire other startups to focus on delivering innovative security solutions. Ultimately, this is expected to create a blockchain ecosystem that is more secure, trusted, and ready to face the future challenges of the cryptocurrency industry.

Also Read: First XRP ETF in the US Launched, Provides New Investment Opportunities!

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