Halliday Raises $20M to Accelerate Blockchain AI Protocol

Halliday, a blockchain firm that leverages artificial intelligence to streamline financial processes, has successfully raised $20 million in a Series A funding round. The round was led by venture capital giant Andreessen Horowitz, with additional contributions from SV Angel, Credibly Neutral, and Blizzard Fund. This investment will accelerate the development of Halliday’s Workflow Protocol, a software solution that enables the creation of financial applications without the need for writing smart contracts, by integrating blockchain and AI technologies.

The Workflow Protocol addresses the long-standing challenges associated with smart contract development. Traditionally, smart contracts have been the default method for building on-chain applications, but this process is often slow, costly, and prone to errors, similar to hardware engineering rather than software engineering. Halliday's protocol aims to simplify this process by automating various financial tasks, including onboarding new layer 1 and layer 2 chains, managing repeat payments, maximizing yield, automating treasury management, and facilitating business-to-business agent workflows.

Halliday has already begun testing its system, with payment flows integrated by Avalanche, ApeCoin, DeFi Kingdoms, and Story Protocol since 2023. The firm has also partnered with SKALE Network in May 2024 and ApeChain in June 2024, demonstrating its growing influence in the blockchain ecosystem. These collaborations highlight Halliday's ability to make operations more efficient by removing the need for manual creation of smart contracts, thereby streamlining processes for financial institutions and payment service providers.

This is not the first time Andreessen Horowitz has invested in Halliday. In August 2024, the venture capital firm led a $6 million seed round for Halliday, focusing on metaverse and blockchain gaming applications. With the latest funding round, Halliday is poised to further disrupt financial services by making blockchain-based automation more accessible to a broader range of businesses and institutions. The continued support from Andreessen Horowitz underscores the potential and innovation that Halliday brings to the table, positioning it as a key player in the future of blockchain and AI integration.