A Cambridge-based artificial intelligence lab has raised 拢3.6 million investment.听
Fetch.ai听is听building an open-access decentralised machine learning network for smart infrastructure, with customised 鈥楢I agents鈥� carrying听out听complex coordination tasks.听
The funding comes from听GDA Group听and听its听affiliates听and will see听FET,听贵别迟肠丑.补颈鈥檚听native token, added to听Fireblocks鈥� secure wallet and infrastructure platform for institutional investments.听
FET acts as the primary medium of exchange across the Fetch.ai ecosystem and a range of applications designed by听its听team.听听
With a track record of both public and private partnerships including a decentralised, multi-agent-based system that is integrated with over 700,000 hotels, and the powering of a decentralised marketplace for the global manufacturer Festo, Fetch.ai has created a network driven by cutting–edge technology.听
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鈥淲hile blockchain has been a revolutionary phenomenon in its own right, a lot of people have been conveniently ignoring the disruptive potential autonomous technologies pose to our industry,鈥� said GDA鈥檚 Executive VP of Capital Markets, Karl Samsen.听听
鈥淲e鈥檙e thrilled to offer our financial and strategic support to Fetch as they are a group that embraces this disruptive competition and is building out a solution that leverages the best of both blockchain integration and autonomous tech in real-time.鈥�听
The听Fireblocks听infrastructure platform currently supports 200 enterprise and institutional customers.听
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The new funds听will be instrumental in bringing听the firm’s blockchain-based applications closer to commercialisation.听
鈥�贵别迟肠丑.补颈鈥檚听integration with听Fireblocks听and the investment we have received from GDA group & affiliates could not have come at a more opportune time,鈥� said Humayun Sheikh, CEO of Fetch.ai.听听
鈥淲ith the听Fireblocks听integration, Fetch now has the necessary infrastructure to bring on institutional capital and strategic support, a moment realized and acted upon by GDA.听听
鈥�We look forward to working with both teams to take the Fetch ecosystem to its next stage of growth and development.鈥�听
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