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Revolutionizing Web3 Development: Mirai Labs Secures $4 Million Seed Funding Led by Mechanism Capital

"Revolutionizing Web3 Development: Mirai Labs Secures $4 Million Seed Funding Led by Mechanism Capital"

Mechanism Capital has led a recent funding round for Mirai Labs, raising a total of $4 million. This funding brings the company’s total funding to date to a significant amount.

Joining Mechanism Capital in the funding round were Oak Grove Ventures, Sophon Foundation, Selini Capital, Bitscale Capital, Manifold, Rubik Capital, Protagonist, Lhava, and other investors, as confirmed in a release shared with The Block.

Mirai Labs is focused on developing an AI agent product called Partnr, which is specifically designed for the crypto industry. Partnr enables AI agents to perform various consumer-facing crypto tasks, including wallet management and learning user preferences over time. Additionally, Partnr facilitates communication between trainable AI agents and consumers through Partnr Chat, and also enables onchain executions via Partnr Vaults.

With the new funding, Mirai Labs plans to expand its team of engineers, particularly those with expertise in AI, machine learning, and the programming language Rust. The company also intends to launch Partnr Vaults to the public in the near future.

Corey Wilton, Co-Founder and CEO of Mirai Labs, expressed excitement about the funding, stating, “This funding allows us to move beyond the hype of AI and crypto and focus on what really matters — creating AI agents that deliver real, tangible value to users. With this raise, we’re accelerating Partnr’s vision to make AI agents not just a feature of web3, but a core driver of its adoption by making crypto interactions more intuitive, personalized, and useful.”

In addition to its work on Partnr, Mirai Labs is also known for creating the web3 horse racing game Pegaxy.

Update: Feb. 11, 19:16 UTC: Includes Sophon Foundation as investor.

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2024 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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