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Blockchain.com Acquires AI Firm to Expand Institutional Offering
London-based AiX is the developer of an AI chatbot for negotiating OTC trading.
Cryptocurrency exchange and wallet provider Blockchain.com has acquired Artificial Intelligence Exchange (AiX).
STORY CONTINUES BELOW
- Terms have not been disclosed for the acquisition of the London-based developer of an artificial intelligence (AI) negotiating and matching engine for over-the-counter (OTC) trading.
- The acquisition will help drive the rapid growth of Blockchain.com’s institutional offering, according to a blog post by Blockchain.com CEO Peter Smith on Wednesday.
- AiX’s team boasts employees with experience at firms such as JPMorgan and Goldman Sachs, Smith added.
- Blockchain.com raised $300 million in Series C funding led by partners of DST Global, Lightspeed Venture Partners and VY Capital in March, which valued the company at $5.2 billion.
- That came only a month after a funding round led by Google Ventures valued the company at $3 billion.
- These funding rounds were followed in April by a $100 million investment by Baillie Gifford, a 110-year old asset management firm with $445.3 billion in assets under management (AUM).
See also: Coinbase to Acquire Institutional Data Analytics Platform Skew
Jamie Crawley
Jamie has been part of CoinDesk's news team since February 2021, focusing on breaking news, Bitcoin tech and protocols and crypto VC. He holds BTC, ETH and DOGE.
