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INDUSTRY FIRST

TollBit raised $24M in a Series A funding round led by Lightspeed to enhance a payment platform for AI companies accessing content in real time.

Oct 22, 202410 months ago

Amount Raised

$24 Million

Round Type

series a

New YorkMarketplaceMachine LearningArtificial Intelligence

Investors

Manuel BronsteinJeff DeanSection 32Lightspeed

Description

TollBit has successfully closed a $24M Series A funding round led by Lightspeed. This funding will help advance their two-sided marketplace catering to both AI companies and publishers, ensuring seamless content access and monetization.

Company Information

Company

TollBit

Location

New York, New York, United States

About

TollBit, formerly known as Novoscribe, Inc. TollBit helps digital publishers navigate content strategy in the age of the AI internet. With TollBit, publishers can monitor and block AI bot traffic, manage licensing deals and build custom GPTs on their own content to engage users.

FundzWatch™ Score

24
Medium Activity
3 total signals

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech