San Francisco-based smart contract security startup Synthetic Minds has raised $5.5 million for its bid to roll out a technology that analyses blockchain networks for coding bugs.

Announcing the news on Monday, Synthetic Minds said the round was backed by blockchain investment firm Pantera Capital and Khosla Ventures, a California-based venture capital firm focusing on internet startups.

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

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