Nevermined has secured $4 million to boost its AI-to-AI payment protocol, allowing artificial intelligence agents to pay and be paid in real time. This innovative payment system will help AI agents discover, negotiate, and manage transactions efficiently, addressing the limitations of traditional payment infrastructure, which was designed for static transactions. The funding will support Nevermined’s growth strategy, team expansion, and partnerships within the AI ecosystem. CEO Don Gossen emphasizes that the future of commerce involves AI agents transacting independently, making the need for a dynamic payment system essential. One application of this technology includes a finance platform for AI developers to manage payments and monetize their tools seamlessly.
Nevermined Raises $4 Million for AI Payment Protocol
Nevermined, a technology company focused on artificial intelligence, has successfully raised $4 million to boost the adoption of its innovative payment protocol designed for AI agents. This groundbreaking approach allows AI systems to engage in transactions with each other autonomously, marking a significant shift in how commerce is conducted.
The new funds will primarily support Nevermined’s strategies to expand its Market reach, enhance its team, and foster partnerships within the growing AI ecosystem. CEO Don Gossen stated, “The future of commerce isn’t just about humans trading with humans anymore. It’s about AI agents transacting with other AI agents, and we need entirely new payment systems to facilitate that.”
What Makes This Protocol Unique?
Nevermined’s AI payment infrastructure is specifically tailored for the unique challenges faced in AI commerce, which traditional systems cannot effectively address. Current payment methods were designed for static transactions, like online shopping, whereas AI agents operate in a dynamic environment. Chief Technology Officer Aitor Argomaniz elaborated on this, stating that the payment system needs to adapt instantly to various requests made by AI agents.
One of the key applications of this technology is a finance and billing management platform for AI tools. This platform helps AI developers manage payments, track usage, and develop credit systems, enabling them to monetize their applications effectively.
The Rise of AI Agents
AI agents are becoming increasingly prevalent in business operations, handling tasks that once required human intervention. They are capable of understanding complex contexts, making decisions, and managing workflows on their own—far beyond the capabilities of basic chatbots.
As more companies embrace this technology, notable examples include Jet.AI, which recently launched an AI model named “Ava” to assist users in booking private jets, and Intuit, which plans to integrate agentic AI capabilities across its platforms.
This investment in AI payment solutions by Nevermined not only signifies a leap towards advanced AI commerce but also reflects the evolving landscape of how businesses will conduct transactions in the future.
Tags: AI, AI agents, artificial intelligence, funding, investments, Nevermined, payments, technology.
What is Nevermined and why did they raise $4 million?
Nevermined is a company that focuses on helping artificial intelligence (AI) agents manage payments more effectively. They raised $4 million to improve their technology and make it easier for AI agents to pay and get paid in various transactions.
How will this funding benefit AI agents?
The funding will help develop better tools and systems for AI agents. This means that these agents can handle payments more quickly and securely, making transactions smoother for users.
Who are the investors in this funding round?
While specific investors are not always disclosed, the funding often comes from venture capitalists and tech-focused investors who see potential in AI and blockchain technology. These investors believe in the future of AI agents and the role payments play in that future.
What role does blockchain technology play in this?
Blockchain technology provides a secure and transparent way for AI agents to process transactions. It ensures that payments are safe, traceable, and can be automated, making it a good fit for Nevermined’s goals.
How can users benefit from this technology?
Users can enjoy faster, easier, and safer transactions when interacting with AI agents. They’ll have more confidence in how payments are processed, leading to a better overall experience when using services that involve AI.