Information on the Target
Circuit & Chisel, co-founded in 2025 by Louis Amira and David Noël-Romas, is addressing a significant gap in the emerging AI economy. The company's focus is on developing an innovative payment layer specifically tailored for AI agents, enabling them to autonomously engage in financial transactions for the tools and services they require. With backgrounds in Stripe's crypto and AI divisions, the founders possess a wealth of experience that informs their vision.
Their flagship product, the Agent-native Transaction Protocol (ATXP), facilitates seamless transactions that are nested, delegated, and composable. This solution enables AI agents to execute purchases ranging from single reports to chaining multiple services, eliminating the cumbersome processes of traditional credit cards and subscription models.
Industry Overview in the Target’s Specific Country
The AI industry has been experiencing accelerated growth, driven by advancements in automation, machine learning, and data analytics. The ability of AI agents to reason and make decisions autonomously presents a unique set of challenges, particularly in financial transactions. Traditional payment systems have not evolved to meet the demands of these self-operating software entities, leading to inefficiencies.
In the United States, the intersection of AI and blockchain technology is gaining significant traction. This burgeoning sector holds transformative potential for multiple industries, including finance, healthcare, and logistics. Companies are increasingly leveraging AI to enhance operational efficiencies, but the absence of an integrated payment solution hinders broader adoption.
Moreover, the crypto landscape is rapidly changing, with regulatory frameworks struggling to keep pace with innovation. As the demand for decentralized finance (DeFi) solutions rises, there exists an unprecedented opportunity for companies like Circuit & Chisel to emerge as leaders in the realm of AI-powered transactions.
Access Full Deal Insights
You’re viewing a public preview of this deal. To unlock full access to ca. 50,000 other deals in our database and join ca. 400 M&A professionals who are using it daily, sign up for Dealert.
The Rationale Behind the Deal
The recent $19.2 million seed funding round for Circuit & Chisel, led by Primary Venture Partners and ParaFi Capital, underscores the importance of developing a robust payment infrastructure for the autonomous AI economy. The venture capital community recognizes that facilitating seamless transactions will unlock new business models and workflows, enhancing the overall utility of AI agents.
As the technology underpinning AI evolves, so does the need for secure payment solutions. Circuit & Chisel's ATXP protocol is not just a novel concept but a necessity for the maturation of AI agents, enabling them to operate in a frictionless financial environment.
Information About the Investor
Samsung Next, a prominent entity within Samsung's investment ecosystem, is among the strategic investors participating in this funding round. With a keen interest in the convergence of AI and blockchain technologies, Samsung Next aims to identify and support innovative solutions that enhance digital transformation across various sectors.
Sam Campbell, an investor at Samsung Next, articulates the belief that payments are a foundational layer in technology, and Circuit & Chisel is well-positioned to pioneer this domain. Their endorsement not only reflects confidence in the team but also suggests a broader commitment to supporting the development of critical infrastructure within the tech landscape.
View of Dealert
In assessing the potential of Circuit & Chisel as an investment, it is essential to consider the unique market position the company occupies. By addressing the pressing need for autonomous payment solutions, Circuit & Chisel is set to carve out a significant niche in the AI economy. The founders' experience at Stripe provides a substantial advantage, ensuring that the team understands both the technical complexities and market requirements.
Furthermore, the convergence of AI and blockchain technology is at a pivotal moment, making investments in solutions like ATXP timely and strategically sound. The ability to navigate the challenges presented by traditional payment systems for AI agents is a crucial factor in realizing long-term success in this domain.
With a strong initial funding round and backing from influential investors like Stripe, Coinbase Ventures, and others, Circuit & Chisel appears poised for growth. It is imperative for stakeholders to monitor advancements in regulatory landscapes and technology adoption to fully capitalize on the potential of autonomous agents.
Ultimately, Circuit & Chisel presents a compelling investment opportunity through its innovative approach to AI agent transactions. As the landscape for autonomous agents continues evolving, the solutions offered by Circuit & Chisel will likely play a central role in establishing a seamless and secure payment ecosystem.
Similar Deals
Bonfire Ventures → 1Fort
2025
Lightning Capital → Kutt
2024
Cubit Capital, Morgan Stanley, Atlanta Ventures → Infinite Giving
2024
a16z → OpenTrade
2024
Atland → Rove
2024
Rittenhouse Ventures → WealthHub Solutions
2024
Investors Group → Level
2024
F-Prime Capital → Dispatch
2024
Archetype → Stack
2024
Insurtech Gateway → Rainwalk
2023
Samsung Next
invested in
Circuit & Chisel
in 2025
in a Seed Stage deal
Disclosed details
Transaction Size: $19M