AI-Native Bank Catena Labs Secures $30 Million Series A Funding and Applies for a U.S. Trust Bank License
Summary
Catena Labs, an AI-native banking startup founded by Circle co‑founder Sean Neville, closed a $30 million Series A led by Acrew Capital and a16z crypto with participation from Breyer Capital, General Catalyst, and QED. The company builds tools that let AI agents securely execute financial transactions and enforces risk controls such as spending limits, allowed payees, and account caps. Catena Labs has applied to the OCC for a national trust bank charter in New York to handle payments and custody of customer funds. The platform currently operates on an invite-only basis and the company says it is still expanding its human team.
Funding
Amount
$30.0M
Total raised
Date
May 20, 2024
Announcement date
Investors
Acrew Capital, QED Investors, General Catalyst, Breyer Capital
Lead investors
Company
catena.xyz
Funded company
Classifications
industries
No industries detected
applications
Web and Content Management
AskAI Classifications
Labels
Financial Software
AI Software
SaaS
Linked Companies
Catena Labs
up to $1M