Surf, an artificial intelligence platform built for digital asset analysis, raised $15 million in a round led by Pantera Capital with participation from Coinbase Ventures and DCG to expand its artificial intelligence models and enterprise tools.
The company offers a domain-specific model used by exchanges and research firms to analyze onchain activity, market behavior and sentiment. The funding will be allocated to Surf 2.0, which will introduce more advanced models, broader proprietary data sets and additional agents designed to handle multi-stage analytical tasks.
Surf he said since its launch in July, the platform has seen rapid uptake, generating over a million research reports and generating multi-million-dollar annual recurring revenue, with employ by a vast proportion of major exchanges and research firms.
Surf’s model uses a multi-agent architecture that evaluates onchain data, social sentiment and token activity, delivering analytics via a chat interface to conduct research and reducing manual workload for analysts and traders.
Related: How to turn ChatGPT into your personal cryptocurrency trading assistant
Further integration of artificial intelligence and digital assets
Artificial intelligence and blockchain are increasingly intertwining as more companies develop tools that leverage both technologies.
In April, decentralized artificial intelligence startup Nous Research closed a $50 million Series A round led by Paradigm. The company develops open-source AI models based on decentralized infrastructure and uses the Solana blockchain to coordinate and incentivize global training participation.
In May, Catena Labs, led by Circle co-founder Sean Neville, announced it had raised $18 million to develop a bank built on native artificial intelligence infrastructure. The company says the system will be designed for both AI agents and humans, with the AI handling day-to-day operations under human supervision.
In October, Coinbase introduced “Based Agent,” a tool that allows users to create an AI agent with an integrated cryptocurrency wallet in just a few minutes to perform onchain activities such as trading, swapping, and staking.
As cryptocurrencies and artificial intelligence become increasingly closer, the role of human traffickers may also change. The decentralized Aster exchange conducts a “human versus artificial intelligence” trading game, financing up to 100 human traffickers at $10,000 each to compete with the most effective AI agents December 9-23.
Although there were still 13 days left until the competition, Team Human was among the best Lead as of Wednesday, with a return on investment (ROI) of 13.36% compared to Team AI’s ROI of 0.54%.
Magazine: A quantum attack on Bitcoin would be a waste of time: Kevin O’Leary
