Circle co-founder to create ‘AI-native’ bank after $18M raise

Circle co-founder and Catena Labs CEO Sean Neville has launched a project that aims to develop a financial institution that leverages artificial intelligence natively. 

On May 20, Catena Labs, the company building an “AI-native financial institution,” announced that it secured $18 million in a funding round led by Andreessen Horowitz (a16z) Crypto, a16z’s crypto and Web3 venture capital arm. 

Led by Neville, the company aims to realize its vision of a fully regulated financial institution for the AI economy. The company said it will be built…