# Othentic Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/othentic-labs

- Industry: Financial Services
- Headquarters: Tel Aviv Jaffa, Israel
- Website: www.othentic.xyz/
- Total disclosed funding: $4M
- Latest round: Seed (Apr 22, 2024)
- Investors on record: 9

## About

Based in Tel Aviv Jaffa, Israel, and founded in 2023 by Chief Executive Officer Yarden Shechter and Chief Technology Officer Dean Rubin, Othentic Labs operates as a developer of a technology infrastructure that can self-deploy to build a revolutionary distributed system with shared security at its core. In April 2024, Othentic Labs raised USD 4 million in seed funding co-led by Finality Capital Partners and Breyer Capital, with participation from Coinbase Ventures, Collider VC, HashKey Capital, Bankless Ventures, Robot Ventures, Everstake Capital, and PunkDAO. 

Othentic Labs offers a wide range of building blocks, including components for Oracle, AI inference networks, exploit prevention systems, decentralized RPC, privacy-preserving networks, and many more. Its components are production-ready, allowing developers to abstract away low-level implementations and infrastructure details. The company’s Othentic Stack, developers can orchestrate shared security, enabling the deployment of custom computational services over execution environments. The platform empowers developers to spin up a network of Operators to execute unique compute tasks. In addition, the firms provides a variety of features such as modularity, that allows users with customizable ingredients for novel use cases and can set their preferred consensus conditions, rewards mechanisms, data availability layers, and networking infrastructures, minimizing engineering overheads and allowing them to focus on their core services.

## Funding rounds

- Seed, Apr 22, 2024, $4M — Breyer Capital, Coinbase Ventures, Collider, HashKey Capital, Robot Ventures, Finality Capital Partners, Bankless Ventures, Everstake Capital, Punk Venturesw DAO

## Investors

- Breyer Capital (https://capitalatlas.ai/funds/breyer-capital) — Seed
- Coinbase Ventures (https://capitalatlas.ai/funds/coinbase-ventures) — Seed
- Collider — Seed
- HashKey Capital (https://capitalatlas.ai/funds/hashkey-capital) — Seed
- Robot Ventures (https://capitalatlas.ai/funds/robot-ventures) — Seed
- Finality Capital Partners (https://capitalatlas.ai/funds/finality-capital-partners) — Seed
- Bankless Ventures (https://capitalatlas.ai/funds/bankless-ventures) — Seed
- Everstake Capital (https://capitalatlas.ai/funds/everstake-capital) — Seed
- Punk Venturesw DAO — Seed