Pantera Capital, Coinbase invest $15 million in Surf AI model development

The AI platform for digital asset analysis, Surf, has raised $15 million from investors including Pantera Capital and Coinbase Ventures and is accelerating the development of next-generation AI models that strengthen on-chain analysis capabilities.

According to Cointelegraph on the 11th (local time), Surf said, "It secured $15 million in funding led by Pantera Capital, with participation from Coinbase Ventures and DCG." The company said the funds will be "used for the development of Surf 2.0, introducing new agents to handle advanced models, expanded data sets, and complex analysis."

The report says Surf provides domain-specialized AI models for digital asset analysis, which exchanges and research firms use to analyze on-chain activity, market behavior, and sentiment. The company said that since its July launch, "it has recorded annual recurring revenue of millions of dollars and the generated research reports exceed 1 million."

Surf has adopted a multi-agent architecture that analyzes on-chain data together with social sentiment and token activity. The company said, "By providing chat interface-based analysis, it reduces manual work for analysts and traders."

According to the report, the combination of AI and blockchain is expanding across the industry. Nous Research raised $50 million in a Series A led by Paradigm in April and is developing open-source AI models on Solana blockchain-based decentralized infrastructure.

Also, Catena Labs secured $18 million in May and is pursuing the development of a banking system based on AI-centric infrastructure. In October, Coinbase launched "Based Agent," a wallet-embedded AI agent creation tool.

Decentralized exchange Aster is holding a performance comparison competition between human and AI traders from December 9 to 23. According to the report, the human team's return is 13.36%, ahead of the AI team's 0.54%.