Kaito, a Seattle, Washington-based AI-powered search engine for digital assets, raised $5.5 million in a Series A funding round at a $87.5 million valuation, to build an artificial intelligence (AI) search engine tailored to the crypto industry, the firm told CoinDesk.
The round was led by early-stage crypto venture capital (VC) firms Superscrypt and Spartan.
The Kaito search engine launched in Beta mode to 35,000 waitlisted users on June 20, according to a company LinkedIn post. It combines large language models (LLMs) with real-time access to data from the web, including Twitter, Discord, Telegram, governance forums, Medium, Mirror, industry research, news, Kaito’s proprietary Twitter Space and podcast transcripts, as well as onchain data.
"Even with plugins, ChatGPT today does not connect to many off-chain crypto-specific information silos or on-chain data, thereby unable to meet people's needs in the [crypto] space," said Yu Hu, Kaito's founder, and CEO.
Company: Kaito Pte Ltd
Raised: $5.5M
Round: Series A
Funding Month: June 2023
Lead Investors: Superscrypt and Spartan
Additional Investors:
Company Website: https://www.kaito.ai/
Software Category: Crypto Search Engine
About the Company: Kaito is an AI-powered search and recommendation engine for digital assets. Kaito seeks to democratize information in crypto. The company utilizes advanced in-house AI technologies to transform terabytes of unstructured information into actionable insights for crypto investors, researchers, developers, and the general public.
Source: https://www.coindesk.com/business/2023/06/22/startup-kaito-gets-875m-valuation-in-new-funding-to-build-ai-search-engine-for-crypto/