Former Stripe encryption head's new startup Circuit & Chisel completes $19.2 million funding to develop AI agent payment protocol

ChainCatcher news, according to Fortune magazine, former Stripe crypto and AI partnerships head Louis Amira and former Stripe crypto engineering head David Noël-Romas have completed a $19.2 million funding round for their new startup Circuit & Chisel, aimed at developing the AI agent payment protocol ATXP.

In addition to their Stripe background (and funding support), Circuit & Chisel has also received investments from Primary Venture Partners, ParaFi, and Coinbase Ventures. The ATXP protocol is designed as the "HTTP protocol for AI agent payments," aimed at addressing the current lack of standardized communication protocols among AI agents.

Amira stated that if ATXP is successful, it will revolutionize the microtransaction space. Under this scheme, agents can autonomously gather information and are entitled to make small payments, such as scraping information from private LinkedIn profiles or accessing paid articles from Fortune magazine, with these platforms also entitled to charge small fees.