Pantera Capital backs blockchain startup Synthetic Minds

Smart contract security venture Synthetic Minds has raised $5.5 million in a round involving blockchain investment fund Pantera Capital and Khosla Ventures.

Founded in 2017, the US-based startup recently graduated from the Y Combinator technology accelerator programme, during which it landed investment and launched the first version of its technology.

“Synthetic Minds was created with the objective of bringing automation to coding,” says Founder Saurabh Srivastava. “Specifically, our code analysis tools read code better than humans, and we are getting close to automation that can write code better, as well. Our long-term mission is make software creation accessible to everybody, especially non-programmers.”

“We believed in the team at Synthetic Minds and their expertise to build hard tech that will further grow adoption of smart contracts, both in the public and enterprise domains,” says Khosla Ventures Founder Vinod Khosla.

“They are uniquely positioned to enable an enterprise-grade, safe, smart contract platform. Provably correct smart contracts through programme synthesis are key steps needed for smart contracts on the blockchain and for software, in general.”