Circuit & Chisel raises $19.2 million to advance agentic payments through the ATXP protocol, backed by Primary Venture Partners, ParaFi, and Coinbase Ventures.

Sep 22, 2025•3 months ago

Amount Raised

$19.2 Million

New Yorkinformation technology & servicesFinanceFintech

Investors

Coinbase VenturesPara FiPrimary Venture Partners

Description

Circuit & Chisel, founded by former Stripe executives, has secured $19.2 million to develop its ATXP protocol for agentic payments. The funding aims to establish a neutral alternative in a growing market. Notable investors include Primary Venture Partners, ParaFi, and Coinbase Ventures. The startup is poised to navigate an increasingly competitive space in AI-driven transaction solutions.

Company Information

Company

Circuit & Chisel

Location

New York, New York, United States

About

Circuit & Chisel is an agentic AI payments startup building the infrastructure to power transactions between intelligent agents. Backed by Primary VC, ParaFi Capital, and Stripe, Circuit & Chisel is developing ATXP, a new standard for agent-to-agent payments that supports real-time decision-making, nested transactions, and autonomous tool discovery. The company was founded by former Stripe and Google leaders with deep expertise in AI, crypto, and financial systems. 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.

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