Nevermined Raises $4M to Build the PayPal for AI-Commerce

 Nevermined, the
leading
provider
of
AI
payment
infrastructure
for
AI-to-AI
transactions, today
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.
The
round
was
led
by
Generative
Ventures,
with
participation
from
Polymorphic
Capital,
NEAR,
Halo
Capital,
Factor
Capital,
Lyrik
Ventures
and
Arca.
In
addition,
the
round
includes
investment
from
notable
AI
luminaries,
namely
David
Minarsch
and
Oak
from
Valory,
the
builders
of
Olas,
Richard
Blythman
and
Mark
Schmidt
from
Naptha,
and
Ben
Fielding
from
Gensyn.

Nevermined
is
developing
the “PayPal
for
AI”
to
enable
seamless
payments
between
AI
agents,
actively
driving
the
transformation
of
all
commercial
landscape.
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.

“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,”
said
Don
Gossen,
CEO
of
Nevermined. “This
funding
will
allow
us
to
accelerate
our
mission
of
building
the
financial
rails
for
the
emerging
AI
economy.”

Founded
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
already
secured
partnerships
with
key
industry
players
including
Olas,
Naptha,
peaq,
FLock,
and
Combinder.

“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,”
noted
Aitor
Argomaniz,
CTO
of
Nevermined. “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.”

The
investment
comes
at
a
crucial
time
as
McKinsey
Global
Institute predicts AI
technologies
could
deliver
additional
economic
output
of
$13
trillion
by
2030.
Nevermined
aims
to
unlock
this
potential
by
enabling
efficient
monetization
through
variable
pricing
models
and
ensuring
easy
transactions
between
AI
agents.

The
funding
will
be
used
to
accelerate
the
go-to-market
strategy,
expand
the
team,
and
strengthen
partnerships
within
the
AI
ecosystem. Nevermined
is
focused
on
building
the
essential
financial
infrastructure
that
will
power
the
future
economy
of
trillions
of
AI
agents
and
scale
AI-Commerce.

For
more
information
about
Nevermined,
visit https://nevermined.io/

About
Nevermined

Nevermined is
the
leading
provider
of
AI
payment
infrastructure
for
AI-to-AI
transactions,
enabling
the
rise
of
a
new
era
of
AI-Commerce.
Founded
by
ex
Co-Founder
and
VP
of
Engineering
at
Ocean
Protocol,
Don
Gossen
(CEO)
and
Aitor
Argomaniz
(CTO),
Nevermined
allows
AI
agents
to
discover,
negotiate,
and
compensate
each
other
in
real-time,
powering
an
economy
of
trillions
of
AI
agents.
By
providing
the
essential
payment
rails
and
infrastructure
for
direct
AI
transactions,
Nevermined
is
positioning
itself
as
the
leader
in
the
emerging
AI-Commerce
space.
Check
out
Nevermined
here: https://nevermined.io