Catena Labs Raises $30 Million in Series A Funding with a16z Crypto Participation

Odaily reported that Catena Labs, an AI financial infrastructure company founded by Sean Neville, co-founder of stablecoin issuer Circle, announced the completion of a $30 million Series A funding round. The round was co-led by Acrew Capital and a16z crypto, the crypto arm of Andreessen Horowitz, with participation from Breyer Capital, General Catalyst, and QED. Catena Labs focuses on building "AI-native banking" infrastructure, aiming to enable AI agents to securely execute financial operations such as payments, transfers, and fund management. The company also announced that it has applied for a New York National Trust Bank charter from the Office of the Comptroller of the Currency (OCC) to support payment processing and customer fund custody. (Fortune)