April 22, 2024
Othentic, a Web3 orchestration and abstraction layer for AVS developers, has raised $4 million in a seed round co-led by Finality and Breyer Capital. The round included participation from Coinbase Ventures, Collider VC, HashKey Capital, Bankless Ventures, Robot Ventures, Everstake, PunkDAO, and several angel investors.
Project | Latest Raise | Latest Raise | Stage | Total Raise | Lead Investor | Category |
|---|---|---|---|---|---|---|
Othentic | Apr 22, 2024 | $4M | Seed | $4M | Finality Capital, Breyer Capital | Security |
Othentic offers stateless rollups, providing decentralized compute scalability for AVS developers. It enables developers to deploy custom computational services over secure environments through trustless execution. Additionally, Othentic abstracts the shared security primitive for AVS developers.
The company plans to use the funds to accelerate the development of its abstraction layer, allowing AVS developers to focus on core services and minimize engineering overheads.
An Othentic representative stated, "Our platform allows developers to self-deploy custom computational services over trustless execution environments."
Othentic aims to revolutionize the dApp ecosystem by providing a flexible and secure framework for off-chain computations, enhancing the scalability and efficiency of decentralized services.
About Othentic
Othentic builds modular networks in the shared security environment, enabling developers to self-deploy custom computational services over trustless execution environments.
Website: https://www.othentic.xyz/
X Account: @0xOthentic
X Followers today: 2,557
X Followers 30 days ago: 2,060
X Follower change: 497 (+24%)
About Investor
Investor: Finality Capital
Description: Finality Capital is a venture capital firm that supports innovative projects in the blockchain and technology sectors.
Location: United States
Website: https://www.finality.capital/
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