Nevermined Raises $4M to Build ‘PayPal for AI’

Startup Aims to Revolutionize AI-Commerce with Dynamic Payment Infrastructure

Highlights:

1. $4 million funding round led by Generative Ventures
2. Developing dynamic payment infrastructure for AI-to-AI transactions
3. Enabling AI developers to monetize applications through seamless payments

Summarized Story:

Nevermined, a startup focused on building payment infrastructure for AI-to-AI transactions, has raised $4 million in funding. The round was led by Generative Ventures, with participation from Polymorphic Capital, Near, Halo Capital, Factor Capital, Lyrik Ventures, and Arca.

The company aims to create a “PayPal for AI” to enable seamless payments between AI agents, addressing the unique challenges of AI-Commerce. Nevermined’s protocol helps AI developers monetize their applications by managing payments, usage tracking, and credit systems. The funding will accelerate the development of their dynamic payment infrastructure and expand partnerships within the AI ecosystem.