Skyfire, a San Francisco, CA-based company providing a payment network for AI agents, has raised $8.5 million in seed funding.
Investors
The investment comes from Neuberger Berman, Brevan Howard Digital, Intersection Growth Partners, DRW, Inception Capital, Arrington Capital, RedBeard Ventures, Sfermion, Circle, FBG, Gemini, Crossbeam Venture Partners, EveryRealm, Draper Associates, ARCA, and Ripple.
Skyfire Use of Funds
The company will use the funding to accelerate the development and expansion of its network.
About Skyfire
Founded by Amir Sarhangi and Craig DeWitt, Skyfire has developed a payment network specifically designed for AI agents to conduct autonomous transactions. Skyfire enables AI agents to manage financial transactions by assigning them digital wallets. The platform provides AI agents with an instant, global, and open payment system for fully autonomous transactions across AI agents, LLMs, data platforms, service providers, and other goods and services. From data analysis and content creation to complex problem-solving and decision-making, AI agents empowered by Skyfire can tap into a vast ecosystem of digital services without human oversight.
Funding Details
Company: Skyfire Systems, Inc.
Raised: $8.5M
Round: Seed Round
Funding Date: August 2024
Investors: Neuberger Berman, Brevan Howard Digital, Intersection Growth Partners, DRW, Inception Capital, Arrington Capital, RedBeard Ventures, Sfermion, Circle, FBG, Gemini, Crossbeam Venture Partners, EveryRealm, Draper Associates, ARCA, Ripple
Company Website: https://www.skyfire.xyz/
Software Category: AI Payment Processing
Source: https://www.businesswire.com/news/home/20240821247203/en/