Nevermined, a provider of decentralized AI payment infrastructure, has successfully raised $4 million in early-stage funding to advance AI-to-AI transaction capabilities. The funding round, led by Generative Ventures, also saw participation from Polymorphic Capital, Halo Capital, and Arca.
The company, which brands itself as the “PayPal for AI Commerce,” is focused on developing a financial system tailored to autonomous AI agents. These agents, self-governing software programs, are designed to execute tasks independently, often replacing human involvement in sectors like banking, healthcare, logistics, and e-commerce. With AI’s growing presence in these industries, Nevermined’s goal is to build a platform that enables AI agents to interact, negotiate, and make decisions in financial transactions without human oversight.
As the use of AI agents has surged, existing human-centric payment systems have proven inadequate to handle the dynamic, high-frequency, and autonomous nature of AI interactions. In response, Nevermined is creating a protocol that empowers AI agents to autonomously price, negotiate, and settle payments. This breakthrough could pave the way for a future where billions of AI-driven transactions occur without any human involvement.
The new funding will be used to develop features such as Multi-Agent Payments (MAP) and a dynamic pricing engine for AI services. MAP tools will help streamline AI interactions, enabling a decentralized and open infrastructure to support the growing AI economy.
Nevermined’s protocol blends AI and blockchain technology, leveraging blockchain’s transparency and trust mechanisms to address the unique needs of AI-driven commerce. The funding highlights the increasing demand for scalable solutions in the expanding AI-driven market.
As AI continues to grow in sophistication, Nevermined’s initiative to build decentralized payment systems for autonomous agents positions the company to play a key role in the future of AI-powered economic activity across industries.
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