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Nevermined Raises $4M to Build the PayPal for AI-Commerce
PYPLPayPal(PYPL) GlobeNewswire News Room·2025-01-09 17:00

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 4millioninfundingtoacceleratetheadoptionofAI−Commerce,withtheroundledbyGenerativeVenturesandparticipationfromPolymorphicCapital,NEAR,HaloCapital,FactorCapital,LyrikVentures,andArca[1]−NotableAIluminaries,includingDavidMinarsch,OakfromValory,RichardBlythman,MarkSchmidtfromNaptha,andBenFieldingfromGensyn,alsoparticipatedinthefundinground[1]StrategicVisionandMarketPotential−ThecompanyaimstobuildthefinancialinfrastructurefortheemergingAIeconomy,enablingAIagentstotransactwitheachotherefficiently[3]−McKinseyGlobalInstitutepredictsAItechnologiescoulddeliveranadditionaleconomicoutputof4 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]