# Fetch.AI

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/fetch-ai

- Industry: Software
- Headquarters: Cambridge, UK
- Website: www.fetch.ai
- Total disclosed funding: $15M
- Latest round: Seed (Jun 8, 2018)
- Investors on record: 2

## About

Fetch.AI Limited, based in the UK, develops innovative AI platforms that enable the creation and management of AI agents for both personal and business use, thus enhancing operational efficiency and productivity.Founded in 2017 in Cambridge, UK, Fetch.AI Limited focuses on the development of AI technologies that facilitate the operation of digital agents. The company has secured funding through 2 notable deals, with the latest funding round occurring on March 29, 2023, when they raised USD 40.00 mn led by DWF Labs. The founders, Humayun Sheikh and Thomas Hain, have backgrounds in technology and innovation, contributing to the company's vision and direction.Fetch.AI is focused on the development of advanced AI platforms that facilitate the creation, deployment, and management of AI agents for both personal and business applications. Their flagship product, the ASI-1 Mini, is the world’s first Web3 language model designed specifically for agentic AI, which allows users to invest in, train, and own sophisticated AI models across various domains. This platform empowers users to build and run AI agents without coding expertise, targeting a diverse clientele that includes enterprises and individual users interested in AI-driven productivity.Fetch.AI generates revenue through subscriptions for access to its AI platforms and services, as well as partnerships with enterprises leveraging AI capabilities. Clients engage with Fetch.AI on a B2B basis, subscribing for ongoing access, or through a direct-to-consumer model. Their revenue model encompasses fees for training and deploying AI agents, with pricing likely structured around tiers based on service complexity. The ASI-1 Mini plays a significant role in capturing revenue by attracting users interested in advanced AI functionalities within the Web3 ecosystem.Following the recent funding of USD 40.00 mn secured on March 29, 2023, Fetch.AI plans to utilize these resources for business expansion and technology advancement. The company aims to introduce new products designed to enhance their AI offerings while exploring opportunities in new markets, particularly focusing on regions with increasing adoption of digital and AI technologies. Specific geographical markets targeted for expansion are North America and Europe, with plans to increase their presence by the end of 2024.

## Funding rounds

- Seed, Jun 8, 2018, $15M — Outlier Ventures, Blockwall Management

## Investors

- Outlier Ventures — Seed
- Blockwall Management (https://capitalatlas.ai/funds/blockwall-management) — Seed