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DateInvestorsAmountRound
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$4.3m

Seed
Total Funding$4.3m

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Olympix.ai is a cutting-edge startup focused on enhancing security within the Web3 ecosystem. The company offers a proactive security solution for developers working with decentralized finance (DeFi) and blockchain technologies. Olympix's primary product is a DevSecOps tool, which stands for Development, Security, and Operations. This tool integrates directly into a developer's workflow, continuously scanning and identifying vulnerabilities in smart contracts as they are being written.

The company serves a niche market of blockchain developers and organizations involved in DeFi, which is a sector of finance that operates without traditional banks, using blockchain technology instead. Olympix's unique selling proposition is its ability to provide real-time security intelligence, allowing developers to fix vulnerabilities with one-click suggestions. This proactive approach contrasts with traditional reactive security measures, which only address issues after they have been exploited.

Olympix operates on a subscription-based business model, charging clients for access to its security platform. This model ensures a steady stream of revenue while providing continuous updates and improvements to the service. The company also monitors a significant amount of Total Value Locked (TVL) in DeFi, currently overseeing over $292 million, which underscores its importance and reliability in the market.

The startup's leadership includes notable figures from the tech and blockchain industries, such as Tarun Chitra, Founder and CEO of Gauntlet, and Aleksandr Yampolskiy, Co-founder and CEO of SecurityScorecard. This experienced team adds credibility and expertise to Olympix's mission of making Web3 development safer and more secure.

In summary, Olympix.ai is revolutionizing Web3 security by offering a proactive, developer-friendly tool that integrates seamlessly into existing workflows. It serves blockchain developers and DeFi organizations, operates on a subscription model, and is backed by a team of industry veterans.

Keywords: Web3 security, blockchain, DeFi, smart contracts, proactive detection, DevSecOps, vulnerability scanning, real-time intelligence, developer tools, subscription model.