Optic, an artificial intelligence-based NFT authentication startup, just raised $11 million in a seed funding round led by Kleiner Perkins and Pantera Capital.
As reported by The Block, Greylock Partners, Lattice Capital, OpenSea, Circle, Polygon, CoinDCX, Neon DAO and Flamingo DAO have also taken part in the funding round.
The company will use the funds to build out its core AI infrastructure and expand the team. The project will launch new tools for creators and collectors of NFTs, as well as a public API for Web3 developers.
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The company, which was founded in 2021 by former Google product manager Andrey Doronichev, programmers Roman Doronin and Vlad Vinogradov, is developing an AI engine for recognizing NFT content.
Optic claims to process millions of collectible tokens daily, comparing them to determine their authenticity.