AI-Powered Crypto Search Engine Kaito Raises $5.3M to Improve Browsing with AI ChatGPT
Kaito, an AI-powered crypto search engine, has raised $5.3 million in a Series A funding round led by venture capital firm Andreessen Horowitz and joined by other investors including Coinbase Ventures and Pantera Capital. The new funds will be used to further develop the company’s technology and expand its team of engineers, data scientists, product managers, designers and marketers.
The startup was founded in 2020 with the goal of making it easier for people to find information about cryptocurrencies online. It uses natural language processing (NLP) algorithms combined with artificial intelligence (AI) technologies such as machine learning (ML), deep learning (DL), computer vision (CV) and natural language understanding (NLU). This allows users to ask questions about cryptocurrency topics using plain English instead of having to type out complex queries or use specific keywords.
In addition to providing basic search results from popular sources like CoinMarketCap or Reddit threads, Kaito also offers more advanced features such as sentiment analysis which can help traders identify trends in market sentiment around certain coins or tokens; price alerts that notify users when prices reach certain thresholds; news feeds tailored specifically for each user based on their interests; portfolio tracking tools; and even a chatbot powered by GPT-3 called “ChatGPT” which can answer questions about cryptocurrencies without any human intervention required.
The company is now looking towards expanding its services beyond just searching for information related to cryptocurrencies into other areas such as finance, business news and general knowledge topics too – all powered by its proprietary AI technology stack. With this additional funding round secured, Kaito plans on investing heavily into research & development so they can continue pushing the boundaries of what is possible with AI-driven search engines today while also exploring potential applications outside of the crypto space too.
Kaito CEO David Hsu said: “We are thrilled at the opportunity presented before us through this investment round – not only does it give us access to resources that will allow us accelerate our growth but it also validates our mission statement: To make finding relevant information within cryptocurrency markets easier than ever before.” He added: “Our ultimate goal is nothing less than revolutionizing how people discover content across multiple industries.”
This latest investment comes at a time when there is increasing interest in blockchain technology among both traditional businesses as well as tech startups alike due to its potential applications ranging from financial services all the way up through supply chain management solutions – meaning there could be plenty more opportunities ahead for companies like Kaito who specialize in helping people navigate these emerging markets better via intelligent search capabilities powered by cutting edge AI technologies like GPT-3 chatbots .
As we move forward into 2021 , it’s clear that companies leveraging Artificial Intelligence have become increasingly important players within various industries – especially those dealing with large amounts of data such as finance , healthcare , retail etc . As more organizations look towards utilizing these powerful toolsets , platforms like Kaito offer unique advantages over traditional methods thanks largely due their ability provide personalized experiences tailored directly towards individual needs . By combining NLP algorithms along side ML/DL/CV/NLU techniques , they’re able create highly accurate results quickly while still being able maintain privacy standards set forth industry regulations .
It’ll certainly be interesting see where else Kaitos’ innovative approach takes them next year given recent developments surrounding blockchain technology & digital assets . For now though one thing remains certain : Their mission improve browsing experience through use artificial intelligence continues remain strong focus moving forward .