Skyfire, a payment platform created by former Ripple developers, recently raised $9.5 million in seed funding. The round was led by Coinbase Ventures and Andreessen Horowitz’s a16z Crypto Startup Accelerator. Skyfire’s focus is on developing payment infrastructure for AI agents, enabling them to complete transactions independently.
Key investors Coinbase Ventures and a16z’s Crypto Startup Accelerator have backed Skyfire. Founded by ex-Ripple developers, Skyfire targets the emerging need for automated transaction systems for AI agents—autonomous software capable of executing decisions and payments without human involvement.
The completion of the funding round was recently announced, with details shared in a company statement on its partnerships with Coinbase and a16z.
Skyfire integrates with Base, an Ethereum Layer 2 network developed by Coinbase, to provide low-cost, streamlined payment options for AI agents. This integration allows Skyfire to expand its capabilities, targeting industries such as finance and e-commerce on a global scale.
With a growing market for autonomous AI agents, Skyfire’s platform offers a system where AI can transact directly without oversight, using stablecoins like USDC and conventional banking methods. The platform’s design supports AI agents in industries looking to enhance operational efficiency while reducing transaction costs.
Skyfire provides AI agents with access to secure wallets and unique identities, facilitating fully autonomous payments. Its integration with Base reduces costs, enhancing accessibility for companies seeking a streamlined, automated payment system.
With a total funding of $9.5 million, Skyfire is poised to become a critical infrastructure provider in the rapidly evolving AI-driven transaction space, supporting businesses that rely on AI agents for efficient, independent financial operations.
