Machine Learning Platform Raises $2.5M for Smart Contract Optimization

IconCryptoNewsTerminal Staff03 Jul, 2024

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Machine Learning Platform Raises $2.5M for Smart Contract Optimization

Machine learning platform Onaji has raised $2.5 million in a pre-seed round to develop its AI capabilities for smart contract optimization. The investment round was led by crypto-focused investment firm Stratos and also saw participation from Maven 11, Inception Capital, Uniswap Labs Ventures, IOSG Ventures, and PunkDAO, among others. Onaji's platform uses AI to analyze smart contracts and identify potential optimization opportunities. This can help to improve the efficiency and security of smart contracts, which are increasingly being used to automate a variety of tasks in the blockchain ecosystem. The funding will be used to further develop Onaji's AI capabilities and expand its team. The company also plans to launch a public beta of its platform later this year. "We're excited to partner with Stratos and our other investors to bring Onaji's platform to market," said Onaji CEO and co-founder Greg King. "We believe that our AI can help to make smart contracts more efficient and secure, and we're looking forward to working with developers to improve the blockchain ecosystem."

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