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Almanak Secures $8.45 Million to Develop AI-Powered DeFi Smart Agents

According to the company’s announcement, investors including Delphi Labs, HashKey Capital, NEAR Foundation, and others are funding its AI-driven approach to automated DeFi investment strategies.

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Summary

In an official announcement, Almanak confirmed it raised $8.45 million to advance its decentralized finance smart agent platform. The funding round involved Delphi Labs, HashKey Capital, BanklessVC, NEAR Foundation, RockawayX, Matrix Partners, AppWorks, Sparkle VC, and Shima Capital. Almanak’s technology focuses on AI-assisted financial agents capable of implementing and optimizing automated strategies in DeFi. Its framework leverages AI to analyze market trends and manage risks dynamically, aiming for improved adaptability and performance compared to static automation systems.

Terms & Concepts
  • DeFi: Short for decentralized finance, it refers to blockchain-based financial services that operate without traditional intermediaries like banks.
  • Smart Agent: An autonomous software entity capable of executing financial strategies and making decisions based on predefined rules or AI analysis.
  • AI-Assisted Decision-Making: The use of artificial intelligence to support and enhance the process of analyzing data, identifying patterns, and making informed operational or investment decisions.