Surf, an AI research and intelligence platform focused on digital assets, has raised $15 million in a funding round led by Pantera Capital, with participation from Coinbase Ventures and Digital Currency Group (DCG), the company announced in a press release on Wednesday.
The San Francisco-based startup said the funds will be used to create Surf 2.0, a new version of its crypto-focused AI model, and expand its enterprise offering.
The company presents itself as an alternative to general-purpose large language models (LLMs) by training proprietary systems specifically for digital asset analysis and combining them with crypto-native datasets.
The platform uses a multi-agent setup that analyzes inputs such as social sentiment, on-chain activity, and token and market behavior, providing results via a chat-like interface designed to reduce manual searching.
Surf 2.0 will add a more advanced model, expanded proprietary data sets and new agents designed to run multi-step workflows that are typically handled by experienced analysts, the company said. Surf Enterprise will include dedicated infrastructure and enhanced security tools aimed at meeting institutional requirements.
“When people make financial decisions, they want reliable information. Generic AI tools aren’t designed for that,” said Ryan Li, co-founder and CEO of Surf.
Since its launch in July, Surf said it has reached millions of dollars in annual recurring revenue, generated over a million research reports, grown 50% month-over-month, and is used by 80% of major exchanges and research companies.
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