Fetch.ai secures £3.6m Series A investment from GDA Group to advance AI and blockchain applications.
The funding will be directed towards research and development while the company native token integrates with Fireblocks.
Fetch.ai provides infrastructure and a decentralised network of autonomous agents to build smart services. Its platform supports modular peer to peer interactions and machine learning applications.
Cambridge based artificial intelligence lab Fetch.ai has secured £3.6m in a Series A investment from GDA Group. The new capital will be used to support the research and development of the company existing applications and pipeline projects as it moves towards commercialisation. In tandem with the funding injection, Fetch.ai native token FET is being integrated onto the Fireblocks infrastructure platform to enable secure institutional access.
The alliance is designed to provide secure rails for transferring FET without compromising network security. Executives noted that the combination of institutional funding and infrastructure support marks a significant step for the ecosystem as it brings its blockchain and AI applications closer to broader commercial deployment.
From the founder
"With the Fireblocks integration, Fetch now has the necessary infrastructure to bring on institutional capital and strategic support, a moment realized and acted upon by GDA. We look forward to working with both teams to take the Fetch ecosystem to its next stage of growth and development."
Humayun Sheikh
Founder and CEO at Fetch.ai
Investor perspective
"While blockchain has been a revolutionary phenomenon in its own right, a lot of people have been conveniently ignoring the disruptive potential autonomous technologies pose to our industry,"
Karl Samsen
Executive VP of Capital Markets, GDA Group
Use of funds
- 01Fund research and development
Investors
Categories
About the company
Fetch.ai
Fetch.ai builds decentralised infrastructure and autonomous agent networks for smart services.