OTHENTIC has completed a $4 million seed round of financing, promoting innovation in shared security of distributed systems.

The OTHENTIC project, focused on distributed system security sharing, has completed a $4 million seed round of financing with Breyer Capital as the lead investor. 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. The project aims to create novel distributed computing services by providing self-deploying infrastructure to initiate systems with underlying shared security. This includes facilitating innovative work on EIGENLAYER and BABYLON. The OTHENTIC STACK allows AVS developers to self-deploy customized computing services in a trustless execution environment and operate networks for running arbitrary computational tasks. Additionally, OTHENTIC introduces a framework for STATELESS ROLLUPS, supporting flexible and secure execution of off-chain computations, which helps create new services such as co-processors, ZK provers, privacy-preserving computations, decentralized order books, AI inference networks, and vulnerability prevention systems.