Nevermined, a leading innovator in AI payment infrastructure, has raised over $4 million in funding. This investment will accelerate the adoption of AI-Commerce by enabling AI agents to transact seamlessly. Generative Ventures led the round, with participation from notable firms such as Polymorphic Capital, NEAR, and Halo Capital. Esteemed AI luminaries, including David Minarsch and Oak from Valory, also contributed to the funding.
Building the “PayPal for AI”
Nevermined is pioneering a protocol that simplifies payments between AI agents. Traditional payment systems lack the flexibility required for AI-Commerce. Nevermined’s solution allows developers to monetize AI applications by managing payments, tracking usage, and facilitating credit systems. This new approach positions the company as a financial and billing management platform tailored for AI agents.
Don Gossen, CEO of Nevermined, stated, “The future of commerce isn’t just about humans trading with humans. It’s about AI agents transacting with each other. This funding helps us build the financial rails for the emerging AI economy.”
Addressing Unique Challenges in AI-Commerce
AI agents require dynamic payment systems to match their adaptable nature. Nevermined’s protocol meets this need with real-time responsiveness to variable pricing models. Aitor Argomaniz, CTO of Nevermined, explained, “Current payment systems were built for static transactions. AI agents demand a dynamic solution that evolves with their needs.”
Partnerships and Vision
Nevermined has partnered with key industry players like Olas, Naptha, and peaq. With a strong foundation in machine learning, Web3, and AI, the company builds the essential financial infrastructure for AI agents. This infrastructure is crucial as AI technologies are predicted to contribute $13 trillion to the global economy by 2030, according to McKinsey Global Institute.
Future Plans
The $4M funding drives Nevermined’s go-to-market strategy, team expansion, and partnerships within the AI ecosystem. The company commits to scaling AI payment infrastructure to support trillions of AI agents, ensuring seamless transactions in the growing AI economy.
Nevermined’s innovative AI payment infrastructure positions it as a key player in the AI-Commerce landscape. With this funding, the company transforms how AI agents interact, paving the way for a dynamic and interconnected AI economy.