AI-Powered DeFi platform Glider raises $4m, led by Andreessen Horowitz

Crypto merchants are increasingly looking for self-cascard platforms that are easy to use. Glider wants to fill this niche.

DEFI platforms are lagging behind their CEX counterparts, largely due to a lack of friendly features. For this reason, Andreessen Horowitz led a Funding of $ 4 million Round For Glider, a Custodial DEFI platform for cryptographic trading.

The platform will combine the features of AI with DEFI. On the one hand, he will use AI to help users manage their funds automatically, without having to perform all the trades themselves. This might involve choosing a few coins, choosing tokens with a tendency or a basket of cryptographic assets depending on certain criteria.

At the same time, users will keep full custody on their assets, which increases the safety of the platform. This distinguishes glider from other asset managers, including Bitwise and Grayscale, explains the company’s co-founder, Brian Huang.

“It looks very much like these traditional finance advisers, but we do it completely non -guardian,” Brian Huang, slippery.

Glider plans to start in the coming months

The venture capital funds that also participated in the financing cycle were Coinbase Ventures, Uniswap Ventures and GSR. However, the company did not disclose the evaluation to which these funds were collected. In addition, these companies despite the fact that Glider has not yet launched its product.

While Glider still tests its technology, it aims to launch its platform in the coming months. The company will monetize by invoicing management fees, taking a percentage of user assets under its direction.

AI was one of the hottest trends in venture capital last year. At the same time, investors are becoming more and more comfortable with the use of AI in investment. For example, in 2023, an investigation revealed that a three of three American investor was comfortable taking Placement advice from a tool powered by generative AI.