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08/22/2024
Skyfire CEO Says AI Agents Need New AI Payments Rails
PYMNTS
A new startup is addressing a significant challenge in artificial intelligence: enabling AI agents to independently manage financial transactions.
San Francisco-based Skyfire has announced $8.5 million in seed funding from investors including Neuberger Berman, Brevan Howard and Ripple. The capital will fuel the development of Skyfire’s platform, which allows AI agents to hold balances, send and receive payments, and engage in financial transactions with humans and other AI entities.
“The next million customers for a lot of enterprises is going to be an AI agent,” Amir Sarhangi, CEO and co-founder of Skyfire, told PYMNTS. “Enterprises have to figure out very quickly how to sell their services to an AI agent versus a human being.”
AI agents are sophisticated software programs designed to perform tasks or provide services autonomously for humans or businesses. They’re becoming increasingly important in commerce, handling complex operations from managing supply chains to booking travel arrangements.
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