(NEW YORK)–Kaito raises $5.5 million in a Series A funding round giving them a $87.5 million valuation for their artificial intelligence (AI) search engine tailored to the crypto industry.
The new funding was led by early-stage crypto venture capital firm Superscrypt and Spartan. It follows a $5.3 million raise led by tech VC Dragonfly and included Sequoia Capital China and Jane Street in February.
It’s interesting to see the increasing integration of AI technology in the crypto industry. Kaito search engine seems to be leveraging large language models (LLMs) along with real-time access to various online platforms and data sources to cater to the needs of crypto enthusiasts. By combining these technologies, Kaito aims to provide users with a comprehensive and up-to-date view of the crypto landscape.
The inclusion of platforms like Twitter, Discord, Telegram, governance forums, Medium, Mirror, industry research, news, Twitter Spaces, and podcast transcripts suggests that Kaito is aggregating information from diverse sources to offer a holistic perspective on the crypto space. Additionally, the integration of on-chain data allows users to access blockchain-specific information directly from the search engine.
Tom Bustamante, the Founder & CEO of AI Venturetech commented, “The integration of AI technology in the crypto industry is rapidly gaining momentum, as seen with the launch of Kaito search engine. By combining large language models with real-time access to diverse online platforms and on-chain data, Kaito aims to provide crypto enthusiasts with a comprehensive and tailored experience. This development signifies the growing recognition of AI’s potential to enhance research, analysis, and decision-making in the crypto space, marking a new era where AI becomes a vital asset for the industry’s growth and innovation.”
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Kaito seeks to democratize information in crypto. We utilize advanced in-house AI technologies to transform terabytes of unstructured information into actionable insights for crypto investors, researchers, developers, and the general public. https://www.kaito.ai/
About AI Venturetech
AI Venturetech, Inc. is a New York-based consulting firm specializing in the cutting-edge technology fields of artificial intelligence, quantum computing, and cybersecurity. We are dedicated to providing innovative investment and consulting opportunities for clients looking to capitalize on the growth of these rapidly evolving industries. Our team of experts has a deep understanding of the technology landscape, market trends. www.aiventuretech.com
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