Fetch.ai secures £8m from BitGet to expand its decentralised AI and blockchain ecosystem.
The strategic partnership includes financial backing and marketing support from the crypto exchange.
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.
Fetch.ai has secured an £8m investment from BitGet, forming a strategic partnership that includes financial backing for the ecosystem. The funding coincides with the launch of an exchange fund aimed at supporting promising startups with token listings and market guidance. The collaboration seeks to combine artificial intelligence and blockchain technology through technical development and marketing support.
From the founder
"We are proud to partner with one of the world's top crypto derivative exchanges in our mission to mould the building blocks for a new economy, and we are thankful for their generous support in this endeavor. Like us at Fetch.ai, BitGet understands the vast potential of blockchain technology, and with the quantum leap that AI has made in the past few years, the opportunities of applying blockchain to AI are limitless. We look forward to working with them in the years to come,"
Humayun Sheikh
Founder and CEO at Fetch.ai
Investor perspective
"We know value when we see it. Fetch.ai already consists of a host of functioning and applicable technological AI solutions that can have a real impact on the way businesses and individuals interact. That is the main reason we have decided to pledge our support to this promising startup and will continue to do so as we identify others in need of assistance from our dedicated fund. Blockchain progress is unstoppable, but it can be accelerated if we lend it a helping hand, which is what we at BitGet intend to do,"
Gracy Chen
Managing Director, BitGet
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About the company
Fetch.ai
Fetch.ai builds decentralised infrastructure and autonomous agent networks for smart services.