Synthetic Minds attracted 5.5 million $ investment from Pantera Capital


Startup Synthetic Minds that are developing an automated system to repair bugs in the blockchain developments, attracted 5.5 million dollars during the investment round of investment firms Pantera Capital and Khosla Ventures.

Founded in 2017, the year of the startup Synthetic Minds just graduated from the summer accelerator program Y Combinator, during which the project also received investment and launched the first version of the technology.

Representatives of startups, explained during the product launch that he built using the method of software synthesis that is used in developing permanent programs with high value, like for the space station NASA.

As the founders of a startup, space applications and blackany have similar characteristics, Synthetic Minds have switched to the use of software synthesis is to develop automatic systems that can “analyze (reading) and synthesizing (writing) software code better person.”

The technology will allow developers of the block chain and smart contracts to focus “on high-level design”, while optimization and finding bugs in the codes of networks will occur automatically, according to a press release.

In October, chief investment strategist at Pantera Capital, one of the largest investment companies in the segment of cryptocurrencies, Joe stated that the market of digital assets will grow at least 10 times, when the next big bitcoin rally.

Despite the loss in 73% YTD, investment Fund launches its third cryptocurrency Fund to manage $ 71 million from 90 investors. Earlier this year the Manager Pantera Capital has stated that even if bitcoin will suffer the same fate (the dotcom era), still its investors will obtain profits, which was confirmed in July, reporting more than 10,000% profit since the formation of the Fund.

Previously, the Fund invested in such loud blockchain projects as zcash for, ShapeShift and Bakkt, trading platform for crypto-currency assets ICE, the parent company of the new York stock exchange.

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