Circuit & Chisel's $19.2 Million Funding Fuels AI Payment Protocol
Circuit & Chisel Secures Significant Funding for Innovation
Recently, Circuit & Chisel, an innovative player in the agentic commerce sphere, announced the successful acquisition of $19.2 million in seed funding. This substantial financial backing is aimed at advancing the development of ATXP, a cutting-edge protocol designed for facilitating seamless transactions initiated by AI agents across the entire internet.
Investment and Support from Leading Ventures
The funding round saw prominent contributions from notable investors such as Primary Venture Partners and ParaFi Capital. The latter, along with Stripe, significantly boosts the credibility of Circuit & Chisel as they embark on this transformative journey. The financial support earmarked for ATXP is anticipated to serve as a stepping stone to broaden the horizons of agentic payment systems.
The Vision Behind ATXP
ATXP aims to empower AI agents to autonomously navigate commerce from product discovery to final payment without the need for human involvement. This initiative is similar to the way Hypertext Transfer Protocol (HTTP) serves as the backbone of web browsing. It highlights the growing necessity for efficient systems in a rapidly evolving digital economy.
Pioneering Technologies and Innovations
Circuit & Chisel was co-founded by industry veterans, CEO Louis Amira and CTO David Noel-Romas, both hailing from Stripe's leadership team. Their vision integrates principles of artificial intelligence and cryptocurrency into a comprehensive payment solution, ensuring that market demands are met with agility and reliability. This approach marks a crucial evolution in the online commerce landscape.
Industry Response and Anticipations
The response from industry leaders has been overwhelmingly positive. Matthew Prince, CEO of Cloudflare, noted that as AI technology evolves, protocols like ATXP become essential to ensure secure and efficient commerce activities operated by intelligent agents. Early adopters are already gearing up to explore the possibilities ushered in by this transformative technology.
Building a New Economy of Agentic Transactions
The new infrastructure proposed by Circuit & Chisel is set to reshape how transactions are conducted in the digital realm. With low-cost microtransactions and agent-initiated payment processes, Circuit & Chisel is at the forefront, designing solutions that truly resonate with future commerce needs.
As economies become increasingly digitized, the deployment of ATXP represents a foundational shift towards a future where AI agents will autonomously undertake intricate financial activities. This could lead to drastically altered workflows and efficiencies in various business operations.
About Circuit & Chisel
Circuit & Chisel is an emerging startup dedicated to developing the infrastructure that will redefine payments between AI-driven agents. Backed by a consortium of prestigious investors, the company is working on establishing ATXP as the new standard for transactions between intelligent entities. With a solid foundation built by experts from the realms of AI, crypto, and finance, Circuit & Chisel is poised to unlock new capabilities for AI systems, advancing them into an era of independence and remarkable innovative potential.
Frequently Asked Questions
What is Circuit & Chisel?
Circuit & Chisel is a startup focused on creating an agentic commerce platform and payment protocol for AI agents.
What is the amount of funding Circuit & Chisel secured?
The company secured $19.2 million in seed funding to develop its innovative technology.
What is ATXP?
ATXP is a new web-wide protocol designed to facilitate AI agents' commerce transactions autonomously.
Who are the key investors backing Circuit & Chisel?
Key investors include Primary Venture Partners, ParaFi Capital, and Stripe, among others.
How will ATXP impact the future of payments?
ATXP aims to revolutionize how transactions are executed online by allowing AI agents to manage payments without human intervention.
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