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Dragonfly Capital Leads $16M Seed Round for AI-Blockchain Startup Codex

Dragonfly Capital Leads $16M Seed Round for AI-Blockchain Startup Codex

A Busy Week for AI, Blockchain & Fintech Startups As Codex was in the spotlight, several other startups in the space of AI, blockchain, and fintech also announced new funding: Ultra Ultra, a Luxembourg-based company, raised undisclosed funding led by NOIA Capital from its NOIA Digital Assets fund. The round follows the appointment of Gus van Rijckevorsel as CEO, which is a strategic change of guard. The9 Limited The9 raised $8 million through private placements with Elune Capital, Fine Vision Fund, and Bripheno Pte. Ltd. Statutory lock applies to the Class A shares issued. Ambient Ambient, which combines AI with a Solana-inspired blockchain architecture, raised $7.2 million. The round was backed by a16z’s crypto accelerator and Delphi Digital. The platform uses a Bitcoin-like proof-of-work approach for strong security. Cambrian Network Cambrian Network secured $5.9 million in seed funding from a16z’s Crypto Startup Accelerator (CSX) as the lead. The project provides AI agents with historical and real-time financial data by integrating on-chain and off-chain sources, including social sentiment. Mahojin Mahojin secured $5 million in Series A. Co-led by a16z CSX and Maelstrom Fund, Mahojin is developing open-source tools for more seamless integration of AI and blockchain. Momentum Momentum raised $5 million seed to automate sales team collaboration. Basis Set Ventures led the round, with others participating, including Inovia, Leadout Capital, and others. Small Rounds Still Reflect Innovation Other startups revealed early-stage or sub-$5 million rounds: Fragmetric emerged on a $4 million token sale on the Legion platform. Collecto raised €2.8 million (~$3.05M) from Italian technology leaders. Hana Network raised $1.75 million on a public round. Bloctopus (formerly LZero) raised $1 million in seed capital. StakeStone raised $1 million to support omnichain staking. BAI Fund raised $1 million to support its on-chain agent fund. Taken together, these rounds suggest that demand from investors for crypto and AI innovation is still strong despite volatitility in the broader market.

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