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 said in a press release on Wednesday.
The San Francisco-based startup said the funds will go toward building Surf 2.0, a new version of its crypto-focused AI model, and expanding the company’s offerings.
The company presents itself as an alternative to large general-purpose language models (LLMs) by training proprietary systems specifically for the analysis of digital assets and pairing 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, and delivers output through a chat-style interface designed to cut down on manual research.
Surf 2.0 will add a more advanced model, expanded proprietary data sets and new agents designed to perform multi-step workflows 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 information they can trust. Generic AI tools aren’t built for that,” said Ryan Li, Surf’s co-founder and CEO.
Since launching in July, Surf said it has reached millions in annual recurring revenue, generated more than 1 million research reports, grown 50% month-on-month and is used by 80% of top exchanges and research firms.
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