According to TechFlow, on September 20, according to official news, the general fully homomorphic encryption (FHE) protocol octra announced the completion of a $4 million Pre-Seed round of financing, led by Finality Capital, with participation from Big Brain Holdings, Karatage, Presto, Builder Capital, etc. At the same time, octra released a public WASM sandbox to demonstrate the efficiency of hypergraphs in FHE.

Octra's architecture is based on "circles", a personal cloud with optional and programmable privacy. Developers can build complex backend logic for Web2 and Web3 applications within circles. Combined with a custom consensus that uses machine learning for node selection and a combination of PoW and PoS, the network provides security for personal data.