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Former Stripe Executives Raise $19.2 Million for AI Agent Payment Protocol

Circuit & Chisel secures funding from Primary Venture Partners, ParaFi, and Coinbase Ventures to develop ATXP, aimed at enabling standardized communication and microtransactions between AI agents.

Summary

Former Stripe executives Louis Amira and David Noël-Romas have raised $19.2 million for their startup, Circuit & Chisel, to develop ATXP, an AI agent payment protocol. The funding came from Primary Venture Partners, ParaFi, and Coinbase Ventures. ATXP aims to standardize communication between AI agents and facilitate microtransactions, such as accessing LinkedIn profiles or paid articles.

Terms & Concepts
  • AI Agent Payment Protocol: A system that enables programmatic payments and communication between artificial intelligence agents, often for automated transactions.
  • Microtransactions: Small-value digital payments typically used for accessing specific content or services, such as articles or profile views.
  • ATXP: A protocol under development by Circuit & Chisel designed to standardize AI agent communication and enable automated microtransactions.