October 31, 2024 Axal, a company developing a verifiable autonomous agent network, has secured $2.5 million in pre-seed funding, led by venture capital firm CMT Digital. Additional support came from investors including a16z Crypto Startup School, Escape Velocity, IDG Vietnam, Artichoke Capital, Trident Digital, Blockchain Builders Fund, Blockhunters Group, Echo, and Mentat Group, as well as numerous angel investors. With this funding, Axal plans to expand its team beyond its current five employees to advance product development and strengthen its market position.
Coinciding with the funding announcement, Axal introduced its latest offering, the Axal Autopilot platform, which enables crypto holders to automate and customize their trading strategies. This agent-powered platform supports features like price tracking, on-chain swaps, and yield management. Axal aims to differentiate itself by focusing on verifiable Web3 agents that enhance digital finance operations, providing practical, task-focused automation for crypto asset holders in a market where agent technology is gaining traction.
This pre-seed round reflects increasing venture capital interest in the autonomous agent sector, especially as firms seek to harness AI and blockchain for decentralized finance. This trend signals the rising potential of autonomous agents in digital asset management, with Axal positioned as a key contributor to this evolving field.
About Axal
Axal is a technology company focused on building verifiable autonomous agent networks that bring new efficiencies to digital finance. Its recently launched platform, Axal Autopilot, enables users to create personalized trading strategies with automated tools for market tracking, yield optimization, and secure on-chain transactions. With a commitment to functional, task-driven solutions, Axal aims to enhance automation capabilities in the Web3 ecosystem.
Website: https://www.ax.al/
X: @getaxal
About Investor CMT Digital
CMT Digital is a venture capital firm that specializes in digital assets, blockchain technology, and cryptocurrency trading. As part of CMT Group, it leverages extensive experience in trading and technology to support early-stage companies across the blockchain sector.
Location: Chicago, Illinois
Website: https://cmt.digital/
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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