The Zug-based start-up Nevermined has raised $4 million. Objective: accelerate the development of a protocol facilitating financial transactions between AI agents.
Nevermined, a Zug-based start-up, has raised $4 million to accelerate the adoption of its payment protocol dedicated to commerce between artificial intelligence (AI) agents. The fundraising was led by Generative Ventures, with participation from Polymorphic Capital, NEAR, Halo Capital, Factor Capital, Lyrik Ventures and Arca.
The funds will allow Nevermined to continue the development of its technology for transactions between AI agents, a protocol that the young company describes as the “PayPal of AI”.
Agentic AI is one of the trends highlighted by Gartner in its “Top 10 Strategic Technology Trends for 2025”. AI agents can make independent decisions and actions, such as collecting or analyzing data, answering customer questions or, in this case, carrying out business operations that would require financial transactions.
Machine learning et Web3
The Nevermined protocol aims to facilitate these transactions by allowing AI agents to pay and be paid among themselves. In a blog post, Nevermined explains that it relies on a technological base combining machine learning, data management and Web3 technologies. The protocol integrates blockchain technologies and smart contracts to secure financial interactions between agents.
Contextual data and payments are stored on the blockchain, with the protocol ensuring controlled access to assets. Payments are possible in cryptocurrencies but also in traditional currencies. Note that the young company offers standardized requests that allow AI agents to communicate and easily connect with third-party applications or other agents. Credits are stored in the form of “payment plans”, in fact NFTs which serve as proof of ownership and allow access to payment services and track the balance of different user accounts, explains Nevermined in its documentation online.
Tech
