Nevermined, a leading provider of AI payment infrastructure for AI-to-AI transactions, announced it has raised over $4 million in funding to accelerate the adoption of AI-Commerce by enabling AI agents to pay and get paid. This funding round was led by Generative Ventures, with participation from Polymorphic Capital, NEAR, Halo Capital, Factor Capital, Lyrik Ventures, and Arca. This funding round includes funding from notable AI luminaries like David Minarsch and Oak from Valory, the builders of Olas, Richard Blythman and Mark Schmidt from Naptha, and Ben Fielding from Gensyn.
The company is developing the PayPal for AI to enable seamless payments between AI agents, actively driving the transformation of all commercial landscape. And the company’s protocol is designed to address the unique challenges of AI-Commerce, where traditional rigid payment systems fall short. Nevermined helps AI developers monetize their applications by managing payments, usage tracking, and credit systems – essentially acting as a finance and billing management platform for AI agents and tools.
Launched by Don Gossen and Aitor Argomaniz, who previously built Ocean Protocol, Nevermined combines deep expertise in machine learning, AI, data, and Web3 to solve the complex challenges of AI-Commerce. The company has secured partnerships with key industry players, including Olas, Naptha, peaq, FLock, and Combinder.
Nevermined looks to unlock the potential of AI by enabling efficient monetization through variable pricing models and ensuring easy transactions between AI agents. And the funding will be used to accelerate the go-to-market strategy, expand the team, and strengthen partnerships within the AI ecosystem. And Nevermined is focused on building the essential financial infrastructure to power the future economy of trillions of AI agents and scale AI-Commerce.
KEY QUOTES:
“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. This funding will allow us to accelerate our mission of building the financial rails for the emerging AI economy.”
- Don Gossen, CEO of Nevermined
“Current payment infrastructure was built for static transactions, like selling t-shirts on the internet, where the price of a small shirt doesn’t change over time. AI agents are dynamic and require an equally dynamic payments system that can respond instantly to new requests. We’ve built the foundation already, and now we want to grow user adoption from both AI builders and AI agents.”
- Aitor Argomaniz, CTO of Nevermined
