Kaito AI Has Raised $5.3 Million in Seed Funding

Kaito AI Has Raised $5.3 Million in Seed Funding

The study of artificial intelligence continues unabated. Especially recently, many projects that bring together artificial intelligence and blockchain projects have not gone unnoticed. The latest of these projects is undoubtedly Kaito AI, which aims to develop a cryptocurrency project based on ChatGPT. The company has managed to raise $5.3 million in the capital!

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Kaito AI, an artificial intelligence-based cryptocurrency search engine, raised $5.3 million led by Dragonfly Capital and emphasized that it is preparing several projects. What exactly happened in this process?

Kaito AI, a cryptocurrency search engine built on ChatGPT, raised $5.3 million in a funding round. Dragonfly Capital led the investment round. Participating investors included Sequoia Capital, Jane Street, AlphaLab Capital, and Mirana Ventures.

Kaito AI Has Raised $5.3 Million in Seed Funding

Dragonfly Capital led a $5.3 million investment round for Kaito AI to develop an AI-powered search engine for the cryptocurrency market. The product has been in private beta with institutional clients since December. At the time, the investment firm said it had “revolutionized” its strategy.

In a statement after the investment round, Dragonfly partner Gengmo Qi said:

“With the wealth of information and data available, selecting the most relevant insights to make informed investment decisions can be difficult. This problem is solved by Kaito, which gathers information and makes it easily accessible and actionable.”

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