Mechanism Capital leads $4 million seed round for web3 development studio Mirai Labs

Mechanism Capital led a $4 million funding round for Mirai Labs, which makes up the firm's total funding to date. 

Oak Grove Ventures, Sophon Foundation, Selini Capital, Bitscale Capital, Manifold, Rubik Capital, Protagonist, Lhava and other investors supported the round, according to a release shared with The Block. 

Mirai Labs is developing a crypto-focused AI agent product called Partnr. Partnr lets AI agents execute consumer-facing crypto tasks such as managing wallets, learning the user's needs over time. Partnr can connect trainable AI agents with consumers through Partnr Chat, as well as enable vaults for consumers and AI agents for onchain executions via Partnr Vaults. 

The firm plans to bolster its team of engineers, specializing in AI, machine learning and programming language Rust, with its fresh financing, in addition to launching Partnr Vaults publicly in the near future. 

"This funding allows us to move beyond the hype of AI and crypto and focus on what really matters — creating AI agents that deliver real, tangible value to users," Mirai Labs Co-Founder and CEO Corey Wilton told The Block. "With this raise, we’re accelerating Partnr’s vision to make AI agents not just a feature of web3, but a core driver of its adoption by making crypto interactions more intuitive, personalized and useful."

Mirai Labs is the creator of the web3 horse racing game Pegaxy. 

Update: Feb. 11, 19:16 UTC: Includes Sophon Foundation as investor.