The encrypted AI platform Surf has completed a $15 million financing round, led by Pantera Capital

According to Fortune, the specialized AI platform Surf, designed for the cryptocurrency sector, announced the completion of a $15 million funding round, led by Pantera Capital, with participation from Coinbase Ventures and Digital Currency Group.

Surf launched its invitation-only product in July and opened to the public in September. According to company data, the platform currently has over 300,000 users and has generated more than 1 million search results. Li stated that Surf can answer a variety of cryptocurrency questions, ranging from basic to deep technical inquiries, with 80% of its users not being professionals in the crypto industry, while the remaining 20% come from venture capital, exchanges, and other crypto-related institutions.

The startup claims its revenue has reached several million dollars and hopes to grow to $10 million by the end of 2026. Surf's revenue model is subscription-based, with users paying between $15 and $399 per month depending on the tier. The platform also offers a free version, but the number of questions that can be asked daily is limited. The company currently has fewer than 30 employees.

Li views the company's main competitors as mainstream AI models like ChatGPT, Perplexity, and Grok. According to a benchmark report co-authored with Princeton University, Surf's performance on crypto tasks is four times that of ChatGPT and Grok.