Nevermined Raises $4M to Revolutionize AI-Commerce with Cutting-Edge Payment Infrastructure
Nevermined, the leading provider of payment infrastructure for AI-to-AI transactions, has announced a successful $4 million funding round.
Spearheaded by Generative Ventures, the investment included participation from Polymorphic Capital, NEAR, Halo Capital, Factor Capital, Lyrik Ventures, and Arca. Additional backing came from prominent AI pioneers such as David Minarsch and Oak from Valory, Richard Blythman and Mark Schmidt from Naptha, and Ben Fielding from Gensyn.
The funding will fuel the adoption of Nevermined’s AI-to-AI payment protocol, which aims to enable seamless transactions between AI agents and accelerate the transformation of traditional commerce into the AI-driven economy.
Redefining Commerce: The “PayPal for AI”
Positioned as the “PayPal for AI,” Nevermined is pioneering a dynamic payment system tailored for AI agents, addressing the limitations of traditional payment infrastructures. Its innovative protocol is designed to manage payments, usage tracking, and credit systems for AI agents, offering AI developers a streamlined platform to monetize their applications.
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“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.”
A Visionary Team with Proven Expertise
Founded by Don Gossen and Aitor Argomaniz, both instrumental in building Ocean Protocol, Nevermined combines expertise in machine learning, AI, data, and Web3. The company has already partnered with prominent industry players such as Olas, Naptha, peaq, Flock, and Combinder, further solidifying its foothold in the burgeoning AI-Commerce sector.
“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,” explained Aitor Argomaniz, CTO of Nevermined. “AI agents are dynamic and require an equally dynamic payment 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.”
Positioning for the Future of AI-Commerce
Nevermined’s mission aligns with the predictions of the McKinsey Global Institute, which estimates that AI technologies could contribute $13 trillion to the global economy by 2030. By enabling efficient monetization and fostering seamless transactions between AI agents, Nevermined is laying the groundwork for an era defined by AI-driven commerce.
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The $4 million investment will bolster Nevermined’s go-to-market strategy, team expansion, and partnerships within the AI ecosystem. By building essential financial infrastructure, the company aims to support a future economy powered by trillions of AI agents.
About Nevermined
Nevermined is the foremost provider of AI payment infrastructure, driving the rise of AI-Commerce. Founded by Don Gossen (CEO) and Aitor Argomaniz (CTO), both former leaders at Ocean Protocol, the company enables AI agents to discover, negotiate, and compensate each other in real time. With its groundbreaking payment rails and infrastructure, Nevermined is poised to lead the emerging AI-Commerce space.
