autify

ChainCatcher news, the blockchain supply chain solution Autify Network, with headquarters in Singapore and Bangalore, announced that the Avalanche blockchain development company Ava Labs has received a strategic investment, with specific funding details not disclosed. The new funds aim to support its use of blockchain and artificial intelligence (AI) to enhance transparency, trust, and efficiency, and will leverage Avalanche infrastructure to build a decentralized supply chain ecosystem.

Chain Catcher News, a blockchain-based e-commerce company Autify, announced the completion of a $1.5 million Pre-seed funding round, led by Loop Ventures, with details of other investors not yet disclosed.It is reported that Autify was founded in 2021 and primarily provides blockchain-based products and services for the e-commerce industry, such as decentralized insurance, decentralized rewards or loyalty programs, cross-border payments, and DeFi. The company will use the new funds to hire blockchain, AI, and computer vision engineers and release a beta product, aiming to bring greater transparency to the e-commerce and supply chain sectors. (Source link)