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Funding
​​ThirdFi raises USD 2 million in token investment to scale DeFi infrastructure
Decentralized Finance (DeFi)
Jul 10, 2024
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Decentralized Finance (DeFi)

Decentralized Finance (DeFi)

Jul 10, 2024

​​ThirdFi raises USD 2 million in token investment to scale DeFi infrastructure

Funding

  • ThirdFi.org, a blockchain infrastructure protocol, has raised USD 2 million in a token investment from Techstars, Chainlink, Outlier Ventures, and Alphabit Capital. The funding values ThirdFi at USD 20 million.

  • The company plans to use the funds to scale and monetize its flagship platform.

  • ThirdFi offers multi-chain interoperability and middleware solutions in application programming interfaces (APIs) and software development kits (SDKs) for developers to build their AI agents. These agents can be used for various DeFi operations such as automated trading based on predetermined criteria, predicting market trends by analyzing on-chain sentiment data, and maximizing yields.

  • Analyst QuickTake: As GenAI-led automation solutions have grown in popularity across multiple industries, DeFi has also begun to see a relatively recent rise in investor interest over the last few months. ThirdFi is the second AI-based automation startup to raise funds since Aperture Finance raised USD 12 million in Series A funding in May. It aims to differentiate itself by enabling users to list their AI agents and access agents built by others through an on-chain marketplace.

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