Startup That Strives to Make Blockchain Code Safer Raises $5.5 Mln in Latest Funding Round

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Mon, 10/22/2018 - 14:13
Alex Dovbnya
Startup Synthetic Minds has raked in $5 mln in its latest funding roundPreviously, Synthetic Minds secured funding from America’s top startup machine Y Combinator
Cover image via U.Today

According to VentureBeat, San Francisco-based startup Synthetic Minds has recently raked in $5 mln in its latest funding round. High-dollar investors include Pantera Capital, a crypto-oriented hedge fund, and one of the leading venture capital firms Khosla Ventures. Previously, Synthetic Minds secured funding from America’s top startup machine Y Combinator.

The company’s underlying technology is based on program synthesis — the practice of automatically writing computer code for satisfying user’s intentions. While being already implemented by NASA, the program synthesis will also help to eliminate bugs in Blockchain code.

The company’s CEO Saurabh Srivastava hopes to have up to 10 customers by the end of this year.
 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

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