Codex Receives $16M in Funding from Dragonfly Capital

April 6, 2025 dailymirror

This week, multiple startups operating at the crossroads of AI, blockchain, and fintech have announced their funding achievements. Codex emerged as the standout, securing an impressive $15.8 million.

The seed round was spearheaded by Dragonfly Capital. According to Fortune, which was first to report the news, approximately $14 million of the funds were contributed by Dragonfly.

In addition to Dragonfly, companies like Coinbase, Circle, Cumberland, Wintermute, and Selini Capital also participated in this funding round.

This is just one of the many funding announcements made in the past week. Continue reading for further details.

Ultra

The funding round was led by NOIA Capital, a multi-family office based in Luxembourg, through its NOIA Digital Assets fund.
This latest investment comes on the heels of the appointment of Gus van Rijckevorsel as the company’s new CEO.

The9 Limited

The9 successfully raised $8 million through private placement agreements with prominent cryptocurrency investment firms, including Elune Capital, Fine Vision Fund, and Bripheno Pte. Ltd.
They will issue Class A common shares priced according to the average closing price from the last 30 trading days, with a statutory lock-up period applied to the newly issued shares.

Ambient

Ambient, which is working to combine AI and blockchain for efficient, low-cost smart services, successfully raised $7.2 million in a seed funding round supported by a16z’s crypto accelerator and Delphi Digital.
The project implements a Bitcoin-like proof-of-work mechanism for security, alongside a Solana-style architecture for enhanced speed and scalability, positioning it as a significant contender in AI-driven blockchain innovation.

Cambrian Network

Cambrian Network, a decentralized AI finance protocol, has raised $5.9 million in a seed funding round led by a16z’s Crypto Startup Accelerator (CSX), along with contributions from Blockchain Builders and angels from The Graph ecosystem.
This funding will facilitate Cambrian’s forthcoming testnet and its participation in the CSX 04 accelerator in San Francisco. Cambrian offers agents real-time and historical financial data by melding on-chain and off-chain sources, including social sentiment, to improve decision-making. It allows developers to balance speed and security by selecting between optimistic and verifiable data.

Mahojin

Mahojin, focused on integrating AI with blockchain, raised $5 million in a Series A funding round led by a16z Crypto’s CSX and Maelstrom Fund. This funding will aid in creating open-source tools that enhance interoperability between AI and decentralized technologies.
The organization is committed to developing AI-powered decentralized applications, establishing itself as a pivotal player at the junction of open-source innovation and blockchain infrastructure.

Momentum

Momentum, an emerging startup focused on automating collaboration between sales teams and the wider organization, has successfully raised a $5 million seed round.
This funding was led by Basis Set Ventures, with participation from Inovia Capital, Leadout Capital, South Park Commons, and various industry angel investors.

Notable crypto VC funding rounds < $5 million

The Fragmetric token sale is currently live on the Legion platform and will conclude on April 8, with a hard cap of $4 million and a fully diluted valuation of $125 million.
Luxury investment platform Collecto raised €2.8 million (around $3.05 million) in a seed funding round, driven by LinkedIn Italy CEO Marcello Albergoni, Accenture Interactive Managing Director Alessandro Zanotti, and senior McKinsey partners Andrea Travasoni and Guido Frisiani.
The hyper-casual finance platform Hana Network completed a public sale round, gathering $1.75 million with a fully diluted valuation of $40 million.
Bloctopus, previously known as LZero, raised $1 million in a seed round.
StakeStone secured $1 million to enhance its all-in-one staking protocol for omnichain LST liquidity.
BAI Fund, an on-chain agent fund operating in a Trusted Execution Environment (TEE), raised $1 million, with participation from Morph and Foresight Ventures.