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

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Mon, 22/10/2018 - 14:13
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Startup That Strives to Make Blockchain Code Safer Raises $5.5 Mln in Latest Funding Round
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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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Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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