Donut Labs has raised $15 million in seed funding to construct what it calls “in-browser AI quant.”
The funding was offered by traders together with BITKRAFT, Makers Fund, Sky9 Capital, Altos Ventures, Hack VC, and backers from the Solana, Sui, and Monad ecosystems, in response to an e-mail announcement Monday.
Seed spherical comes lower than six months after Donut Labs raised $7 million in pre-seed funding
Doughnut Browser, led by CEO Chris Zhu, mentioned it goals to rework the way in which customers work together with the monetary web by embedding autonomous buying and selling brokers straight into the shopping expertise. These brokers analyze the market, calculate dangers, and execute on-chain transactions even when customers are offline.
The potential intersection of AI brokers and blockchain know-how is taken into account a game-changer by some observers of the cryptocurrency business. Whereas utilizing good contracts, self-custody, and bridging totally different chains could also be complicated for people, AI brokers will be particularly custom-made to thrive in such environments.
Donut, which has greater than 160,000 customers on its ready listing, plans to make use of the funding to develop a monetizable agent browser that may orchestrate real-time market intelligence and automatic execution.
Donut’s rise comes as month-to-month buying and selling quantity in DeFi derivatives exceeds $1 trillion and decentralized buying and selling quantity soars. Zhu mentioned Donut is “redefining buying and selling as one thing as pure as typing – a browser with AI quants working 24/7.”
