Surf, an AI research and intelligence platform specializing in digital assets, has secured $15 million in funding led by Pantera Capital, with contributions from Coinbase Ventures and Digital Currency Group (DCG), according to a press release issued Wednesday.
The San Francisco-based startup plans to allocate the capital towards the development of Surf 2.0, an upgraded iteration of its AI model focused on cryptocurrencies, along with enhancing its enterprise solutions.
The company positions itself as an alternative to standard large language models (LLMs) by training proprietary systems specifically for digital asset evaluation, combining them with crypto-specific datasets.
The platform employs a multi-agent configuration that examines various inputs, including social sentiment, on-chain activities, and token and market dynamics, providing insights through a chat-like interface meant to minimize manual research.
Surf 2.0 is expected to introduce a more sophisticated model, expanded proprietary datasets, and new agents capable of performing multi-step workflows traditionally managed by seasoned analysts, as stated by the company. Surf Enterprise will offer dedicated infrastructure along with enhanced security features to meet institutional requirements.
“When individuals make financial decisions, they seek reliable information. Generic AI tools are not designed for that,” commented Ryan Li, co-founder and CEO of Surf.
Since its launch in July, Surf reports achieving millions in annual recurring revenue, producing over 1 million research reports, experiencing 50% month-over-month growth, and being utilized by 80% of leading exchanges and research firms.
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