Skyfire Systems, a San Francisco, CA-based provider of a payment network for AI, raised $8.5M in funding.
Backers included Neuberger Berman, Brevan Howard Digital, Intersection Growth Partners, DRW, Inception Capital, Arrington Capital, RedBeard Ventures, Sfermion, Circle, FBG, Gemini, Crossbeam Venture Partners, EveryRealm, Draper Associates, ARCA, and Ripple.
The company intends to use the funds to expand operations and its development efforts.
Led by CEO Amir Sarhangi, Skyfire is a payment network built to enable fully autonomous transactions across AI Agents, LLM’s, data platforms, service providers, and other goods and services. It creates an essential operating layer, delivering critical missing components for AI commerce, including secure wallet access, verifiable Agent identity, and an open payment protocol for service requests, purchasing decisions, and instant transactions without human intervention. The payment network also allows the growth of the consumer segment, AI Agents, for providers of LLM’s, data, and services.
The network features:
- ● Open, Global Payments Protocol: Open and global interoperability for AI, providing access to LLM’s, datasets, and API services without the need for subscriptions, credit cards, or onboarding.
- ● Automated Budgets and Control: User-controlled spending logic lets developers and their customers set specific budgets for single transactions, discrete tasks, or ongoing campaigns, ensuring Agents stay within business parameters.
- ● AgentID & History: Skyfire provides open identifiers for authentication and authorization and verifies Agents to ensure transactions are trustworthy. The history of transactions for Agents and providers provides an additional verification of good actors.
- ● Verification Service: Verification of Agent developers and service providing businesses to allow participants complete visibility and control over allowable network connections.
- ● Funding on Ramps: Agents can be funded through traditional, banked rails or with stablecoins. All AI transactions are completed instantly.
FinSMEs
21/08/2024