January 9, 2025
Nevermined, a company specializing in payment infrastructure for AI-to-AI transactions, has announced the completion of a $4 million funding round. Generative Ventures led the investment, with participation from Polymorphic Capital, NEAR, Halo Capital, Factor Capital, Lyrik Ventures, and Arca. Additional support came from AI pioneers including David Minarsch, Oak from Valory, Richard Blythman, Mark Schmidt from Naptha, and Ben Fielding from Gensyn.
The funds will be directed toward expanding Nevermined's AI-to-AI payment protocol, which aims to facilitate transactions between AI agents. This system seeks to bridge the gap in traditional payment infrastructures, addressing the needs of dynamic AI-commerce. By enabling real-time payments, usage tracking, and credit systems, the platform positions itself as a vital financial tool for AI developers to monetize applications.
About Nevermined
Nevermined provides payment solutions tailored to AI-driven transactions. Founded by Don Gossen and Aitor Argomaniz, both key contributors to Ocean Protocol, the company specializes in building infrastructure that allows AI agents to discover, negotiate, and transact autonomously. Nevermined’s platform caters to the unique demands of the AI economy, supporting monetization and communication between AI entities.
Website:Â https://nevermined.io/
X: @nevermined_io
About InvestorÂ
Generative Ventures
Generative Ventures is a venture capital firm focusing on investments in emerging AI technologies. The firm identifies and supports early-stage companies that contribute to the growth and evolution of AI infrastructure and applications.
Location: London, England
Website: https://www.genventures.xyz/
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
Comments