Catena Labs completed a $18 million seed round financing, led by a16z Crypto.

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According to Mars Finance, Catena Labs, an AI-native financial startup created by Circle co-founder Sean Neville, announced the completion of a $18 million seed funding round, led by a16z crypto, with participation from Breyer Capital, Circle Ventures, Coinbase Ventures, and Tom Brady. Catena Labs is dedicated to building an "AI-native bank" centered around AI agents, and has developed an Open Source protocol supporting AI payments and identification systems. The company has not yet disclosed its valuation and has no plans to launch crypto assets or stablecoins in the short term. (Fortune)

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