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CDS Startups Airstack Raises Over $7M for AI-Backed Web3 Developer Platform

Startups

Airstack Raises Over $7M for AI-Backed Web3 Developer Platform

Web3 developer platform Airstack has raised over $7 million after closing the second half of a pre-seed funding round that was led by Superscrypt.

Aziz KARTAL18/05/20232 Mins read506

Airstack, a developer platform for Web3, has successfully secured more than $7 million in funding through the latter half of its pre-seed funding round, which was primarily led by Superscrypt. This startup enables developers to harness cross-chain data by making natural language requests supported by artificial intelligence (AI), a technology gaining popularity yet sparking debates within the crypto community.

Airstack Raises Over $7M for AI-Backed Web3 Developer Platform

Airstack, a platform for Web3 developers, has successfully secured more than $7 million in funding during the latter phase of its pre-seed funding round. The funding was primarily led by Superscrypt. Airstack enables developers to conveniently access and employ cross-chain data through the use of natural language requests supported by artificial intelligence (AI).

We did extensive interviews with developers over the past year, gaining insights into their previous tool usage and the challenges they faced
Jason Goldberg, CEO

After its launch in April, Airstack has successfully attracted a community of over 200 developers. These developers have utilized the platform for a wide range of projects, including marketing engines, decentralized finance (DeFi) portfolio optimizers, customer resource management tools, advertising platforms, and decentralized social and messaging applications.

Airstack empowers developers to easily access, combine, and integrate various types of data, such as on-chain or off-chain, cross-chain, and cross-application data, all through a single query and response mechanism. For example, a natural language query related to the MATIC token on the Polygon blockchain could be something like, “Retrieve the list of MATIC token holders with a minimum balance of 10,000 MATIC, along with their token balances, ENS, Lens, and Farcaster.”

The first half of Airstack’s funding round concluded in the third quarter of 2022, with Polygon being one of the supporting backers. Other investors included Hashed Emergent, NGC, Primal Capital, UOB Ventures, and Signum Capital, among others.

Alongside the funding announcement, Airstack also unveiled an enhanced version of its Jam social app. This app, available for iOS and Android, is built on Farcaster and Ethereum and features user profiles and groups centered around users’ Web3 collectibles.

While Airstack currently offers its services free of charge, the company has plans to introduce a pricing model in the future.

Our immediate focus is to onboard thousands of developers onto Airstack in the coming months. We aim to identify the areas where we add the most value and where genuine business use cases emerge before finalizing our pricing model.
Jason Goldberg, CEO

To access more startup article: cryptodataspace.com

Sources:CoinDesk

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Written by

Aziz KARTAL

Aziz Kartal is 21 years old. He is a student at the Gazi University, Department of Electrical and Electronical Engineering. He works as content writer, researcher and social media manager. He generally research about Web3, Blockchain Security and Cybersecurity.

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