Skyfire, a San Francisco, CA-based provider of a payment network built for the AI Agent economy, raised an undisclosed amount of funding.
Backers included Coinbase Ventures and a16z CSX. This brought Skyfire’s total funding to $9.5m.
The company intends to use the funds to expand operations and its development efforts.
Led by Amir Sarhangi, co-founder and CEO, and Craig DeWitt, Skyfire enables fully autonomous transactions across AI Agents, LLMs, data platforms, online retail, service providers, and more. In the weeks since the company went live, it has begun processing payments between AI Agents and businesses ranging from LLM aggregators to large-scale financial services.
Skyfire provides secure wallet access, verifiable Agent identity, and an open payment protocol for service requests, purchasing decisions, and instant transactions without human intervention – while including easy guardrails for agent spending. The resulting payment network allows businesses to monetize their products and services to Agents, the world’s fastest-growing market of consumers.
Businesses that recently joined the Skyfire payment network include:
– Emergence AI
– Pricing Culture
– Venice AI
– Micro1
– OpenRouter
– Net Nut
Skyfire is now integrated with Base, the Ethereum layer 2 blockchain incubating at Coinbase, to enable low-cost payment rails for all Agent payments. Typical transactions on Base cost less than 1 cent each, which makes onchain transactions driven by AI more accessible to enterprise customers. The company allows any AI Agent to use the Coinbase wallet to store value and process transactions with other Agents, companies, or even people.
FinSMEs
24/10/2024