Introduction
Nevermined, the premier provider of AI payment infrastructure for AI-to-AI transactions, announced that it has secured more than $4 million in funding to expedite the adoption of AI-Commerce by allowing AI agents to pay and receive payments. Polymorphic Capital, NEAR, Halo Capital, Factor Capital, Lyrik Ventures, and Arca participated in the round, which was led by Generative Ventures. In addition, the round includes investment from renowned AI luminaries, including David Minarsch and Oak from Valory, the developers of Olas, Richard Blythman and Mark Schmidt from Naptha, and Ben Fielding from Gensyn.The investment is timely, as the McKinsey Global Institute anticipates that AI technologies could generate an additional $13 trillion in economic output by 2030. Nevermined endeavors to realize this potential by facilitating efficient monetization through variable pricing models and guaranteeing seamless transactions between AI agents.
The funding will be utilized to expedite the go-to-market strategy, enhance partnerships within the AI ecosystem, and expand the team. Nevermined is dedicated to the development of the critical financial infrastructure that will facilitate the future economy of trillions of AI agents and scale AI-Commerce.
Nevermined is in the process of creating the “PayPal for AI” to facilitate the seamless exchange of payments between AI agents, thereby actively contributing to the transformation of the entire commercial landscape. The company’s protocol is intended to resolve the distinctive challenges of AI-Commerce, in which conventional rigid payment systems are inadequate. Nevermined functions as a finance and billing management platform for AI agents and tools, assisting AI developers in the monetization of their applications by managing payments, utilization tracking, and credit systems.
Industry Comments
“The future of commerce isn’t just about humans trading with humans anymore. It’s about AI agents transacting with other AI agents, and we need entirely new payment systems to facilitate that,” said Don Gossen, CEO of Nevermined. “This funding will allow us to accelerate our mission of building the financial rails for the emerging AI economy.”
Founded by Don Gossen and Aitor Argomaniz, who previously built Ocean Protocol, Nevermined combines deep expertise in machine learning, AI, data, and Web3 to solve the complex challenges of AI-Commerce. The company has already secured partnerships with key industry players including Olas, Naptha, peaq, FLock, and Combinder.
“Current payment infrastructure was built for static transactions, like selling t-shirts on the internet, where the price of a small shirt doesn’t change over time,” noted Aitor Argomaniz, CTO of Nevermined. “AI agents are dynamic and require an equally dynamic payments system that can respond instantly to new requests. We’ve built the foundation already, and now we want to grow user adoption from both AI builders and AI agents.”
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FAQs
1. What is Nevermined’s primary focus in the AI ecosystem?
Nevermined is building AI payment infrastructure to enable seamless transactions between AI agents, effectively creating the “PayPal for AI.” Their platform facilitates payments, usage tracking, and credit systems, supporting AI developers in monetizing their applications.
2. How will the recent funding be utilized by Nevermined?
The $4 million raised will be used to accelerate Nevermined’s go-to-market strategy, expand its team, and strengthen partnerships within the AI ecosystem. These efforts aim to scale AI-Commerce and develop the financial infrastructure needed for a future economy of trillions of AI agents.
3. Why is Nevermined’s solution significant for AI-Commerce?
Traditional payment systems are not equipped to handle the complexities of AI-to-AI transactions. Nevermined’s protocol addresses these challenges by enabling variable pricing models, efficient monetization, and easy transactions between AI agents, unlocking the economic potential predicted by AI technologies.
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Conclusion
Nevermined’s innovative approach to AI payment infrastructure positions the company as a trailblazer in the rapidly evolving AI-Commerce landscape. By enabling seamless transactions and monetization for AI agents, Nevermined is addressing a critical gap in the commercial viability of AI applications. With its recent funding and backing from prominent AI investors, the company is set to accelerate the adoption of AI-Commerce, transforming how AI systems interact financially. As AI technologies drive global economic output, Nevermined’s vision of powering trillions of AI agent transactions could reshape the commercial ecosystem, laying the groundwork for a dynamic, AI-driven future.
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