Nevermined, a Switzerland-based provider of AI payment infrastructure, has secured over $4 million in funding to advance its AI-to-AI payment protocol. The investment round was led by Generative Ventures, with participation from Polymorphic Capital, NEAR, Halo Capital, Factor Capital, Lyrik Ventures, and Arca. Notable AI figures, including David Minarsch and Oak from Valory, Richard Blythman and Mark Schmidt from Naptha, and Ben Fielding from Gensyn, also contributed to the round.

Nevermined aims to create a decentralized payment system enabling AI agents to autonomously transact with each other, addressing the limitations of traditional human-centric financial infrastructures. The company’s protocol facilitates real-time discovery, negotiation, and compensation among AI agents, effectively acting as a “PayPal for AI.”

The newly acquired funds will be utilized to accelerate Nevermined’s go-to-market strategy, expand its team, and strengthen partnerships within the AI ecosystem. CEO Don Gossen emphasized the transformative potential of AI-to-AI commerce, stating, “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.”

Founded by Don Gossen and Aitor Argomaniz, both formerly of Ocean Protocol, Nevermined leverages extensive expertise in machine learning, AI, data, and Web3 technologies to address the complex challenges of AI commerce. The company has already established partnerships with key industry players, including Olas, Naptha, peaq, FLock, and Combinder, to advance its mission.

The investment comes at a pivotal time, as AI technologies are projected to contribute an additional $13 trillion to the global economy by 2030. Nevermined’s innovative payment infrastructure aims to unlock this potential by enabling efficient monetization through dynamic pricing models and seamless transactions between AI agents.

With this funding, Nevermined is poised to play a crucial role in shaping the future of AI-driven commerce, providing the essential financial infrastructure to support an economy increasingly powered by autonomous AI agents.