This week saw a number of startups at the crossroads of AI, blockchain, and fintech announce new funding rounds. Codex topped the list, securing an impressive $15.8 million.
Dragonfly Capital spearheaded the seed funding effort, contributing around $14 million, as reported by early sources of the news.
Other investors participating in the fundraising include Coinbase, Circle, Cumberland, Wintermute, and Selini Capital.
This was just one of the various funding announcements made over the past week. Keep reading for additional updates.
Ultra
- NOIA Capital, based in Luxembourg, guided the funding round through its NOIA Digital Assets fund.
- This latest round comes on the heels of Gus van Rijckevorsel assuming the position of CEO for the company.
The9 Limited
- The9 secured an $8 million investment through private placement arrangements with top cryptocurrency investment firms Elune Capital, Fine Vision Fund, and Bripheno Pte. Ltd.
- The company is set to issue Class A common shares based on the average closing price from the last 30 trading days, with these new shares subject to a mandatory lock-up period.
Ambient
- Ambient, an initiative integrating AI and blockchain for efficient, cost-effective smart services, has raised $7.2 million in a seed funding round supported by a16z’s crypto accelerator and Delphi Digital.
- The project employs a Bitcoin-like proof-of-work model for security, alongside a Solana-inspired architecture for optimized speed and scalability, establishing itself as an impressive contender in AI-driven blockchain developments.
Cambrian Network
- Cambrian Network, a decentralized AI finance protocol, secured $5.9 million in a seed funding round led by a16z’s Crypto Startup Accelerator, with contributions from Blockchain Builders and angel investors from The Graph ecosystem.
- The funding will assist Cambrian in launching its upcoming testnet and its participation in the CSX 04 accelerator in San Francisco. The protocol combines real-time and historical financial data from both on-chain and off-chain sources, including social sentiment, to support informed decision-making. Developers utilizing Cambrian can select between optimistic and verifiable data to balance speed and security.
Mahojin
- Mahojin, which merges AI with blockchain technology, raised $5 million in a Series A funding round led by a16z Crypto’s CSX and Maelstrom Fund. This funding will facilitate the development of open-source tools designed to enhance interoperability between AI and decentralized technologies.
- The company is dedicated to creating AI-driven decentralized applications and aims to establish itself as a leader at the convergence of open-source innovation and blockchain infrastructure.
Momentum
- Momentum, an early-stage startup focused on automating collaboration between sales teams and the wider organization, has raised $5 million in a seed round.
- This round was led by Basis Set Ventures and saw participation from Inovia Capital, Leadout Capital, South Park Commons, and various industry angel investors.
Noteworthy crypto VC funding rounds
- The Fragmetric token sale is currently live on the Legion platform and will extend until April 8, with a hard cap of $4 million and a fully diluted valuation of $125 million.
- In another seed funding round, luxury investment platform Collecto raised €2.8 million (around $3.05 million) with leadership from LinkedIn Italy CEO Marcello Albergoni, Accenture Interactive Managing Director Alessandro Zanotti, and senior partners from McKinsey Andrea Travasoni and Guido Frisiani.
- The hyper-casual finance platform Hana Network secured $1.75 million in a public sale round, achieving a fully diluted valuation of $40 million.
- Bloctopus, previously known as LZero, raised $1 million in a seed funding round.
- StakeStone secured $1 million to bolster its comprehensive staking protocol for omnichain LST liquidity.
- BAI Fund, an on-chain agent fund operating within a Trusted Execution Environment (TEE), raised $1 million with the involvement of Morph and Foresight Ventures.