Stripe Crypto Alun Loving $ 19.2 million with electric agent payments via the ATXP protocol
At first there was the internet. But it was not very good in the features that we know and love today, as being able to visit different web pages, which can in turn extract real -time information from the servers. Instead, Tech Whizz such as the legendary Tim Berners-Lee has developed a series of protocols like HTTP that would undergo the World Wide Web, creating the simple navigation experience that we have for acquired today.
IA supporters would say that we are in a similar place with regard to agents. Everyone understands the attraction – imagine if you could make the Robots AI rush to make your auctions, from the reservation of flights to the deployment of an same investment strategy based on the tweets of Elon Musk. Louis Amira, the former chief of Crypto and AI from the Giant Fintech Stripe, argues that the main reason that is not yet possible is the lack of protocols allowing agents to talk to each other, as well as the myriads of sources they need.
Amira and his co-founder, the former Crypto de Stripe engineering manager David Noël-Romas, raised $ 19.2 million for their new startup, Circuit & Chisel. Its first product is ATXP, a protocol that Amira described as HTTP for agency payments – and that it hopes to maintain a more neutral position than similar products on the market, like the X402 of Coinbase.
The AI ​​is always firmly in its time of choice and shovels, and Circuit & Chisel Atxp will enter an increasingly congested space, including Google which publishes its own open source protocol last week, in partnership with Coinbase, which will help applications to send and receive money, including stablecoins. But apart from his pedigree Stripe (and financial support), Circuit & Chisel has also received funding from Primary Venture Partners and Parafi, as well as Coinbase Ventures, illustrating how companies that would generally be in competition to create the best solution work, at least to a certain extent, in tandem. (Stripe leads his own revolution of payments fueled by Crypto with his stable blockchain tempo, which AXP will support.)
The technical details of what Atxp will allow exactly are too convoluted to integrate within the limits of this newsletter, and I could not do them justice. But what Amira underlined is that, if Atxp succeeds, it would allow the promised land long awaited from microtransactions. As part of this program, the agents can go out and recover information independently, authorized to pay tiny amounts of money to, say, scraping the information of a private LinkedIn profile or by accessing a lock Fortune The article, and these platforms would in turn be empowered to charge tiny sums of money. This would fundamentally change the functioning of the web, but as Amira recognizes, it is a problem of “chicken and egg” both of technology like ATXP, and to convince the web to start adopting microtransactions.
If Circuit & Chisel withdraws it, Amira thinks that we will start to see a plethora of new AI agents, similar to the rise of iOS applications after the launch of the iPhone. He also recognizes that, like HTTP, his own protocol will not be exactly a money manufacturer, but that his business plans to develop his own agents. It was first necessary the foundation. “The models improve, their brains become smarter, but they don’t have the right tools,” said Amira.
Imymi… Jessica Mathews interviewed Scott Kupor, the former general partner at Andreessen Horowitz, who is now heading the Trump’s “efficiency of the workplace” as director of the personnel management office (or puts less euphemistic, keeping the government according to 300,000 less employees).
Leo Schwartz
X: @Leomschwartz
E-mail: leo.schwartz@fortune.com
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Business affairs
– IrregularAn AI security laboratory based in San Francisco, has raised $ 80 million in funding. Sequoia Capital And Red point Adventures led the Tour and was joined by Rustling Adventures and providential investors.
– AlephA financial planning and analysis platform fueled by AI based in New York, raised 29 million dollars in series B financing. Khosla Adventures led the Tour and was joined by Culminate Capital,, Bath Capital AdventuresAnd Y combinator.
– GRVA decentralized exchange based in Singapore, raised $ 19 million in series A finance Zksync,, Further Adventures,, OwnAnd 500 Global.
– THE To walkA tourist guide and travel partner based in New York, has collected $ 4.1 million in seed financing. Adverb Adventures And Drive Hippeau led the tour and were joined by Origins Funds And Point72 Adventures.
Investment capital
– Speciality Building Productssupported by THE Jordan Businessacquired Orepac Building ProductsA distributor based in Wilsonville, Oregon, specialized building materials. The financial conditions have not been disclosed.
– Rock Indicate Capital And CPP Investment has acquired majority participation in OneDidigitalAn insurance brokerage company based in Atlanta, Georgia, a consulting firm in financial services. The financial conditions have not been disclosed.
Outings
PEOPLE
– Inspired CapitalA New York-based venture capital company has promoted Kamran Ali And Chris Brown for partnership.
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