Circuit & Chisel Raises $19.2 Million to Launch Revolutionary ATXP for Agentic Payments

Circuit & Chisel Secures $19.2 Million and Launches ATXP

Circuit & Chisel, an innovative player in the realm of agentic commerce, has successfully secured a substantial $19.2 million seed funding to propel the launch of ATXP, a cutting-edge protocol designed to enable agentic payments across the web. This funding round was led by prominent investors such as Primary Venture Partners and ParaFi Capital, with notable support from industry giants like Stripe, Coinbase Ventures, and Solana Ventures. The financial backing also includes contributions from numerous angel investors, all of whom are eager to witness the functionalities of ATXP in action.

Founded by experts from Stripe, including CEO Louis Amira, who previously served as the head of Crypto AI Partnerships, and CTO David Noel-Romas, who led Crypto Engineering at the same company, Circuit & Chisel aims to establish the foundational technology that supports seamless transactions executed by AI agents. The goal is to enable these agents to manage the full commerce life cycle—from product discovery to payment—without the need for human intervention.

ATXP is anticipated to be the web-wide protocol that will allow AI agents to autonomously interact in commerce environments. This is reminiscent of how Hypertext Transfer Protocol (HTTP) currently functions as the backbone of everyday web browsing. With ATXP, the expectation is that commerce will soon be driven by intelligent agents that negotiate and secure transactions independently, forging a new path for automated trade and service exchanges online.

The enthusiasm for this new technology has been echoed by industry leaders. Matthew Prince, co-founder and CEO of Cloudflare, emphasized the importance of developing open protocols that can support agent-driven commerce in a secure way. “As AI and agents take off, this protocol could play a pivotal role in ensuring that these transactions succeed with trust and security,” he remarked.

ATXP's capability to facilitate instant, low-cost micropayments between AI agents promises to enhance the efficiency of these integrations dramatically. Emily Man, a partner at Primary Venture Partners, reinforced this notion by stating that traditional payment infrastructures are ill-suited for the fast-paced environment requiring new monetization methods for AI interactions.

The creation of ATXP will position Circuit & Chisel at the vanguard of a new era in commerce, where transactions are fully managed by autonomous agents. This will not only streamline current financial workflows but also unlock significant opportunities for businesses to operate with unprecedented speed and efficiency.

As the project progresses, Circuit & Chisel plans to connect its innovative technology with a broad array of established financial systems and standards, including emerging frameworks like x402. This integration is aimed at building a robust ecosystem capable of supporting the vast array of tasks that autonomous agents will need to execute in the near future. The initiative hopes to enhance revenue streams by introducing a new class of intelligent services that perform transactions, operate driven by data, and learn continuously from interactions.

By establishing this new market, Circuit & Chisel is not merely innovating payment solutions; it is laying down the very foundations of a new digital economy, where AI and intelligent systems work together synergistically, transforming how we conduct business online. As they move forward, the potential for improved efficiencies and accelerated growth in AI-driven sectors will undoubtedly reshape the landscape of digital transactions as we know it.

For more information on Circuit & Chisel and its promising trajectory, visit their official site at circuitandchisel.com.