Nevermined Raises $4M to Build the PayPal for AI-Commerce

Company Overview - Nevermined is a leading provider of AI payment infrastructure for AI-to-AI transactions, aiming to enable seamless payments between AI agents and transform the commercial landscape [2] - The company is developing a protocol to address the unique challenges of AI-Commerce, acting as a finance and billing management platform for AI agents and tools [2] - Founded by Don Gossen and Aitor Argomaniz, who previously built Ocean Protocol, Nevermined combines expertise in machine learning, AI, data, and Web3 to solve complex challenges in AI-Commerce [3] Funding and Investors - Nevermined raised over $4 million in funding to accelerate the adoption of AI-Commerce, with the round led by Generative Ventures and participation from Polymorphic Capital, NEAR, Halo Capital, Factor Capital, Lyrik Ventures, and Arca [1] - Notable AI luminaries, including David Minarsch, Oak from Valory, Richard Blythman, Mark Schmidt from Naptha, and Ben Fielding from Gensyn, also participated in the funding round [1] Strategic Vision and Market Potential - The company aims to build the financial infrastructure for the emerging AI economy, enabling AI agents to transact with each other efficiently [3] - McKinsey Global Institute predicts AI technologies could deliver an additional economic output of $13 trillion by 2030, and Nevermined seeks to unlock this potential through variable pricing models and seamless transactions between AI agents [4] Product and Technology - Nevermined's payment infrastructure is designed to handle dynamic transactions required by AI agents, unlike traditional static payment systems [4] - The company has already built the foundation for a dynamic payments system and is focused on growing user adoption among AI builders and agents [4] Partnerships and Ecosystem - Nevermined has secured partnerships with key industry players, including Olas, Naptha, peaq, FLock, and Combinder [3] - The funding will be used to strengthen partnerships within the AI ecosystem and expand the team to accelerate the go-to-market strategy [5] Future Goals - Nevermined is focused on building essential financial infrastructure to power the future economy of trillions of AI agents and scale AI-Commerce [5]