Tom Brady is backing a new AI startup called Catena Labs, which aims to transform finance through autonomous transactions. Here are the details:
Company Overview: Catena Labs, co – founded by former Circle co – CEO Sean Neville, who played a key role in creating the USDC stablecoin, recently announced in a press release that it has raised $18 million in funding. The company aims to build the world’s first regulatory – compliant AI – native financial institution to support the development of the “agent economy”.
Technological Goals: Catena Labs is dedicated to building new financial institutions for AI agents, which are software programs capable of autonomously conducting transactions, making decisions, and interacting with humans and enterprises. The company plans to provide regulated financial services, including stablecoin – based payment channels, to achieve near – instant settlement and low fees.
Investment and Support: The funding round is led by renowned venture capital firm a16z Crypto, with participation from institutions such as Breyer Capital, Circle Ventures, Coinbase Ventures, CoinFund, Pillar VC, and the Stanford Engineering Venture Fund. In addition, there are several well – known angel investors, including NFL player Tom Brady, Twitch co – founder Kevin Lin, and former IBM CEO Sam Palmisano.
Catena Labs has launched the Agent Commerce Kit, an open – source tool designed to help AI systems verify their identity and make payments independently. The firm believes that existing financial systems are not equipped to handle AI – native interactions, and aims to use AI to rewrite the underlying logic of the entire financial system.
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