AI Agent · Fortune Technology
Nava lands $8.3 million in seed funding to keep AI financial agents from going off the rails
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The crypto world has been buzzing in recent months about the potential for applying blockchain technology to agentic commerce, a term that describes AI agents undertaking purchases or other economic activity on a user’s behalf.
Key facts
- That’s the goal of a startup named Nava, which has raised $8.3 million in seed funding to build the trust side of the autonomous payments equation
- Krishnan and cofounder Brianna Montgomery previously worked together at EigenLayer, an Ethereum-focused startup
- But for this futuristic technology to catch on, humans will need to trust AI agents not to go rogue with their hard-earned money
- These agents will organically, autonomously start executing, creating … transactions, and managing economic activity as we see more and more of these tools enter the market,” Nava CEO and cofounder
Summary
But for this futuristic technology to catch on, humans will need to trust AI agents not to go rogue with their hard-earned money. “These agents will organically, autonomously start executing, creating … transactions, and managing economic activity as we see more and more of these tools enter the market,” Nava CEO and cofounder Vyas Krishnan told Fortune. Krishnan and cofounder Brianna Montgomery previously worked together at EigenLayer, an Ethereum-focused startup. Nava’s specific approach to reining in rogue behavior by AI agents is the creation of an escrow service that holds on to funds until an agent proposes a transaction.