MAGNE.AI has completed a strategic financing of 2.64 million USD, bringing the total financing amount to 12.64 million USD

Decentralized AI and on-chain smart infrastructure developer MAGNE.AI officially announced the completion of a new round of strategic financing totaling $2.64 million, with investors including GAEA Ventures, Titans Ventures, and Go2Mars Labs. Combined with the previously announced $10 million financing, the total amount of financing disclosed by MAGNE.AI to date has reached $12.64 million.

According to the official introduction, this round of funding will primarily be used to accelerate the engineering validation and commercial delivery of the core hardware/software product MAGNE AI BOX, promote its technical integration with the MAGNE L1 and MHash L2 networks, and focus on the development of MAGNE Agent Pay and the AI Agent payment protocol compatible with the x402 standard. MAGNE AI BOX features local model inference, privatized RAG, multimodal processing, and private AI Agent execution capabilities, aiming to build an integrated technology stack covering edge AI, Agent payments, and on-chain intelligence for individual and enterprise users.