Circuit & Chisel, a new startup founded by former Stripe crypto leaders, has raised $19.2 million. This funding round supports the development of its ATXP protocol, designed to power agentic payments. Primary Venture Partners, ParaFi, and Coinbase Ventures participated in the investment.
The ATXP protocol aims to establish a foundational communication layer for AI agents. Furthermore, it facilitates autonomous microtransactions across various digital platforms. This technology enables agents to pay for information access or services independently.
Powering the Next Generation of AI Agents
Louis Amira, former head of crypto & AI partnerships at Stripe, co-founded Circuit & Chisel with David Noël-Romas, Stripe’s former head of crypto engineering.
The ATXP protocol seeks to become the standard for agent-to-agent financial interactions.
The market for AI agent protocols is expanding rapidly. For instance, Google recently released its own open-source protocol for AI applications to handle money transfers. Circuit & Chisel's ATXP protocol offers a neutral alternative in this evolving landscape.
This funding will accelerate the development and adoption of the ATXP protocol. Moreover, it supports the vision of a web where AI agents can seamlessly interact and transact.
