“AI agents will soon conduct most economic transactions,” said Catena Labs CEO Sean Neville, as the company secures $18 million to build a regulated AI-native financial institution.
Circle co-founder and Catena Labs CEO Sean Neville has launched a project that aims to develop a financial institution that leverages artificial intelligence natively.
On May 20, Catena Labs, the company building an “AI-native financial institution,” announced that it secured $18 million in a funding round led by Andreessen Horowitz (a16z) Crypto, a16z’s crypto and Web3 venture capital arm.
Led by Neville, the company aims to realize its vision of a fully regulated financial institution for the AI economy. The company said it will be built for AI agents and human collaborators and will be operated by AI workers with human oversight and AI-specific risk management and compliance approaches.
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