Autify Network has secured $1.5 million in pre-seed led by Loop Ventures

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Blockchain-based startup Autify Network has secured $1.5 million in pre-seed led by Loop Ventures.

Autify provides blockchain-based products for the e-commerce sector. Autify plans to use the funds to hire more blockchain, artificial intelligence, and computer vision engineers. It will also spend money on beta testing, marketing, and product development. Traceability, decentralised insurance, decentralised rewards or loyalty programmes, cross-border payment, and DeFi are among its services. Its goal is to increase transparency in the ecommerce and supply chain industries. The startup is currently working on pilot projects with five international companies and has over 10,000 transactions recorded on its test network. It has also conducted research with over 50 brands from various industries such as fashion, luxury, automotive, and healthcare, according to a statement.

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Autify Network has secured $1.5 million in pre-seed led by Loop Ventures

Blockchain-based startup Autify Network has secured $1.5 million in pre-seed led by Loop Ventures.

Autify provides blockchain-based products for the e-commerce sector. Autify plans to use the funds to hire more blockchain, artificial intelligence, and computer vision engineers. It will also spend money on beta testing, marketing, and product development. Traceability, decentralised insurance, decentralised rewards or loyalty programmes, cross-border payment, and DeFi are among its services. Its goal is to increase transparency in the ecommerce and supply chain industries. The startup is currently working on pilot projects with five international companies and has over 10,000 transactions recorded on its test network. It has also conducted research with over 50 brands from various industries such as fashion, luxury, automotive, and healthcare, according to a statement.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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