In September, Circuit & Chisel, a software startup from New York, successfully raised $19.2 million to develop an innovative payment protocol known as ATXP. This initiative aims to enhance the ability of artificial intelligence agents to conduct seamless transactions online, addressing the infrastructure challenges that accompany the rise of agentic shopping.
Co-founded by former Stripe executives, CEO Louis Amira and CTO David Noel-Romas, the company seeks to bridge the gap between AI functionalities and commercial applications while minimizing operational glitches. Both founders departed from Stripe last year, where Amira led partnerships in crypto and AI, and Noel-Romas was responsible for crypto engineering.
Investors in Circuit & Chisel include notable entities such as Stripe, Polygon Labs, and Samsung Next. Samsung Next highlighted the potential of the startup in a blog post, asserting that the timing and vision behind ATXP position it to become a standard for autonomous software transactions.