7 years ago

Fetch.AI Raises $15 Million in Seed Funding for Decentralized Digital World

  • Fetch.AI, a Cambridge, UK-based machine learning and blockchain development company, secured $15 million in seed funding led by Outlier Ventures

  • The company intends to use the funds for further technical development, corporate partnerships, and academic relationships

  • Fetch.AI is building a decentralized digital world with a smart ledger for Autonomous Economic Agents (AEAs) to conduct economic work on behalf of humans or machines

  • The next major milestone is the public release of its testnet, expected later in 2018.

      • ProblemTechnology

      "Building a decentralized digital world where autonomous economic agents can conduct economic work on behalf of humans or machines"

      Solution

      "Developing a smart ledger using DAG structure, machine learning algorithms, and transaction lanes to enable scalable and near-zero cost financial transactions"

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