a16z leads $20m raise for blockchain payment firm Halliday

Halliday, a startup propelled by artificial intelligence, helping to automate services for any workflow, obtained $ 20 million in a funding tour led by the ventilation giant Andreessen Horowitz.

In a announcement On March 18, Halliday said that funding would accelerate the development of its workflow protocol, a solution designed to allow developers to create financial applications without writing smart contracts by taking advantage of Blockchain and AI technology.

The Silicon Valley Crypto VC unit, based in Silicon, directed the series A series financing series, which has also attracted investments by SV Angel, credibly neutral and Blizzard Fund.

The collaboration of Halliday with financial institutions, including charter banks and payment providers, draws the traction of business workflows. The abolition of the need to write intelligent contracts each time a developer wishes to create or deploy a program is essential for this growth.

“Intelligent contracts have long been the default means of creating chain applications. However, the development of intelligent contracts is more like hardware engineering than software engineering: it is slow, expensive and dangerous,” published the startup on X.

The integration of AI on the chain is also a huge obstacle, thanks to compliance and safety problems.

Halliday’s workflow protocol offers a solution to these challenges, which allows financial institutions and other companies to integrate Web3.

According to the startup, the workflow protocol automates any flow. It includes the ramp with the ramp of new layers of layer 1 and layer 2, to manage recurring payments and maximization of the yield. The protocol also automates all workflows from treasure management and businesses to sales agents.

Halliday has tested its workflow system since 2023, with its payment flows already integrated by Avalanche, Apecoin, Defi Kingdoms and Story Protocol. The startup joined Skale Network in May 2024 and Apechain in June 2024.

A16Z also managed Halliday $ 6 million in seeds In August 2024. At the time, Halliday said that the funds would support blockchain games and Metaversse ecosystems.