Shared security project Othentic completes $4 million seed round of financing, led by Breyer Capital and others

Othentic, a project focused on the security of distributed system sharing, announced the completion of a $4 million seed round of financing on the X platform. Finality Capital Partners and Breyer Capital jointly led the investment, with participation from Coinbase Ventures, HashKey Capital, Collider Ventures, BanklessVC, Robot Ventures, Everstake, PUNK DAO, and others. It is reported that Othentic is committed to creating novel distributed computing services by providing self-deployed infrastructure to initiate systems with underlying shared security, including promoting innovative work on EigenLayer and Babylon. Its Othentic Stack allows AVS developers to self-deploy operator networks for custom computing services and run arbitrary computing tasks in a trusted execution environment.

In addition, Othentic has introduced a framework for stateless rollups to support flexible and secure execution of off-chain computing. Stateless Rollups is a computing network that provides services to other networks or applications without being bound by any specific blockchain. This framework helps create co-processors, ZK proofers, privacy-preserving computing, decentralized order books, AI reasoning networks, vulnerability prevention systems, and other new services.