Kaito Raises $5.3 Million in Seed Round  

by Kay Aloha Villamor in February 24th, 2023

Kaito, a Seattle, Washington-based crypto search engine that leverages AI technologies, raised $5.3 million in a seed funding round led by Dragonfly Capital.

Other investors in the round include Sequoia Capital China, Jane Street, Mirana Ventures, Folius Ventures, and Alpha Lab Capital, among others. 

The funds will be used to scale the team and accelerate the development of the product.

Kaito leverages AI to optimize its search engine through ranking, topic mining, personalization, recommendation, speech-to-text transcription, and AI-generated content. It’s also integrating ChatGPT/GPT-3 to provide an additional search experience for crypto users.

Since December, the startup's search engine has been in private alpha mode for its institutional investors, but it is now available to the public. In the second quarter of 2023, a retail investor-focused search engine will go live.

The retail product will be available to everyone, whereas the institutional product will be based on a subscription model.

Company: Kaito Pte Ltd

Raised: $5.3M

Round: Seed Round

Funding Month: February 2023

Lead Investors: Dragonfly Capital

Additional Investors: Sequoia Capital China, Jane Street, Mirana Ventures, Folius Ventures, and Alpha Lab Capital

Company Website: https://www.kaito.ai/

Software Category: Crypto Search Engine

About the Company: Kaito is an AI startup that provides an AI-powered research platform for digital assets. Its flagship product is MetaSearch, an AI-powered vertical search platform that aggregates, sorts, and curates real-time information from all crypto-related sources - social platforms, publishing platforms, audio content, industry research, news sites, and beyond. The company utilizes advanced in-house AI technologies to transform terabytes of unstructured information into actionable insights for crypto investors, researchers, developers, and the general public. 

Source: https://techcrunch.com/2023/02/21/ai-powered-crypto-search-engine-kaito-raises-5-3m-to-improve-browsing-with-ai-chatgpt/

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