Nevermined, an innovative Swiss company, has raised over $4 million to enhance its AI payment infrastructure designed for transactions between AI agents. Often referred to as the “PayPal for AI,” Nevermined aims to revolutionize commerce by allowing AI systems to conduct transactions seamlessly. This funding round was led by Generative Ventures and included several key industry participants, ensuring robust backing for the project. With deep roots in AI and Web3 technology, the founders Don Gossen and Aitor Argomaniz are focused on creating a dynamic payment system that adapts to the unique needs of AI transactions. As AI technology is projected to boost the global economy significantly, Nevermined is positioned to lead in this emerging AI-Commerce landscape.
Zug, Switzerland – January 9, 2025 – Nevermined, a pioneer in AI payment solutions, recently announced the successful completion of a $4 million funding round. This investment will drive the expansion of AI-Commerce, allowing AI agents to seamlessly pay and receive payments from each other. Generative Ventures led this funding round, which included contributions from several notable firms such as Polymorphic Capital, NEAR, and Halo Capital.
Nevermined is positioning itself as the “PayPal for AI,” aiming to revolutionize commerce by creating specialized payment systems for AI agents. As Don Gossen, the CEO, stated, traditional payment methods are no longer adequate for an economy powered by AI interaction. The breakthrough will enable easier monetization of AI applications, tracking usage, and managing payments with agility and precision.
This innovative company was founded by Gossen and Aitor Argomaniz, who previously worked on Ocean Protocol. They aim to tackle the complexities of AI-Commerce by providing tools that ensure AI agents can negotiate and transact in real-time. With partnerships already established with major players in the industry, Nevermined is on its way to becoming the central hub for AI transactions.
Aitor Argomaniz, Nevermined’s CTO, emphasizes the need for a dynamic payment system that can adapt to the changing demands of AI agents. The funding will be used to enhance user adoption, expand the team, and strengthen partnerships within the AI ecosystem.
As the McKinsey Global Institute suggests, AI technologies could contribute an additional $13 trillion to the economy by 2030. Nevermined is committed to unlocking this potential by providing efficient monetization pathways and supporting transactions between AI agents.
For more details on Nevermined and its services, visit their official website.
About Nevermined: Founded by experienced industry leaders, Nevermined offers cutting-edge payment infrastructure tailored for AI-to-AI transactions. It aims to create a thriving economy driven by AI entities that can operate independently and efficiently.
Keywords: AI payment solutions, AI-to-AI transactions, AI-Commerce
Secondary Keywords: Nevermined, funding round, dynamic payment system
What is Nevermined planning to do with the $4 million?
Nevermined is using the $4 million to develop a platform that will act like PayPal for AI-Commerce. This means they want to create a streamlined way for businesses to buy and sell AI services.
How will this platform benefit users?
The platform will make it easier for companies to access and pay for various AI tools and services. It aims to simplify transactions and increase trust between buyers and sellers.
What are AI-Commodities?
AI-Commodities are products or services in the field of artificial intelligence that can be sold or traded. They can include algorithms, data sets, and machine learning models that businesses can use.
Is this platform secure for transactions?
Yes, Nevermined is focused on building a secure platform. They plan to implement safety features to protect transactions and ensure user privacy.
When can we expect to see the new platform in action?
While an exact launch date isn’t provided, the company is actively working on development. More information will likely be shared in the coming months as they make progress.