Circuit & Chisel Raises $19.2 Million to Launch ATXP, a Web-Wide Protocol for Agentic Payments.

Circuit & Chisel, an agentic commerce platform, has secured $19.2 million in seed funding from Primary Venture Partners, ParaFi Capital, and Stripe to launch ATXP, a web-wide protocol for agentic payments. The platform, founded by Stripe alumni, enables AI agents to handle the commerce life cycle without human oversight. The funding round also includes participation from Coinbase Ventures, Solana Ventures, Samsung Next, and Polygon Labs, among others.

Circuit & Chisel, an agentic commerce platform founded by alumni from Stripe, has secured $19.2 million in seed funding from Primary Venture Partners, ParaFi Capital, and Stripe. The funding round also included participation from Coinbase Ventures, Solana Ventures, Samsung Next, and Polygon Labs, among others. The company aims to launch ATXP, a web-wide protocol that enables AI agents to handle the commerce lifecycle without human oversight.

ATXP, the company's first release, will act as a global protocol for AI agents to perform transactions autonomously and securely across the internet. This technology is designed to support real-time decision-making, nested transactions, and autonomous tool discovery, aligning with the upcoming x402 standards.

The platform's co-founder and CEO, Louis Amira, previously served as Stripe's Head of Crypto & AI Partnerships, while CTO David Noel-Romas was Stripe's Head of Crypto Engineering. Their expertise in AI, crypto, and financial systems positions Circuit & Chisel to develop foundational technologies for agentic payments and autonomous web transactions.

The funding round was led by Primary Venture Partners and ParaFi Capital, with additional support from a select group of angel investors, including Solana founders Anatoly Yakovenko and Raj Gokal, and leaders from Google, Amazon, and PepsiCo. The backing reflects the growing interest in agentic commerce and the potential for AI agents to revolutionize online transactions.

"AI agents are increasingly navigating the web and transacting on our behalf, and that requires an entirely new monetization infrastructure," said Emily Man, Partner at Primary Venture Partners. "ATXP enables instant, nested, delegated, and extremely low cost micropayments between AI agents, something that traditional payments rails can't support."

Ben Forman, Founder and Managing Partner at ParaFi Capital, added, "Circuit & Chisel is building the core infrastructure for autonomous agent transactions, connecting agentic commerce, stablecoins, and payments into one protocol. This technology has the potential to expand agent capabilities entirely and fuel the next wave of growth in the digital economy."

The launch of ATXP will position Circuit & Chisel as the orchestrator of a new class of commerce, where transactions are initiated, negotiated, and executed entirely by intelligent agents. This will help streamline current workflows, enabling businesses to operate faster and more efficiently than ever before and kickstarting a generation of revenue-generating autonomous agents.

Circuit & Chisel is enabling a future where AI can transact, discover, and operate independently, unlocking new efficiencies for businesses and accelerating the next wave of AI innovation. To learn more about Circuit & Chisel, please visit [https://circuitandchisel.com/](https://circuitandchisel.com/).

References
Circuit & Chisel Secures $19.2 Million and Launches ATXP, a Web-Wide Protocol for Agentic Payments^[1] https://www.prnewswire.com/news-releases/circuit--chisel-secures-19-2-million-and-launches-atxp-a-web-wide-protocol-for-agentic-payments-302562331.html
PayPal, Google and Mastercard are all in on agentic AI^[2] https://www.americanbanker.com/payments/news/google-and-paypal-team-on-agentic-ai-payments