In a stunning turn of events, Halliday, the AI-powered startup that’s been making waves in the tech world, has just secured a whopping $20 million in funding. And guess who’s leading the charge? None other than the venture capital behemoth Andreessen Horowitz, aka a16z.
On March 18th, Halliday announced that this fresh injection of cash will be used to turbocharge the development of their Workflow Protocol. This nifty little solution is designed to help developers create financial applications without having to write smart contracts. How’s that for efficiency?
The funding round was led by a16z’s crypto VC unit, with additional investments from SV Angel, Credibly Neutral, and Blizzard Fund. It seems that everyone wants a piece of the Halliday pie.
Halliday’s collaboration with financial institutions, including charter banks and payment providers, has been gaining traction thanks to their workflows. Removing the need to write smart contracts every time a developer wants to create or deploy a program is critical to this growth.
“Smart contracts have long been the default way the industry builds applications on-chain. However, smart contract development resembles hardware engineering more than software engineering: it is slow, expensive, and dangerous,” the startup posted on X.
AI integration on-chain is also a huge hurdle, thanks to compliance and safety issues. But fear not, dear reader, for Halliday’s Workflow Protocol offers a solution to these challenges, making it possible for financial institutions and other companies to integrate web3.
According to the startup, the Workflow Protocol automates any flow. It includes on-ramping to new layer 1 and layer 2 chains, handling recurring payments and yield maximization. The protocol also automates any workflows in treasury management and business to business agents.
Halliday has been testing its workflow system since 2023, with its payment flows already integrated by Avalanche, ApeCoin, DeFi Kingdoms, and Story Protocol. The startup partnered with SKALE Network in May 2024 and ApeChain in June 2024.
A16z also led Halliday’s $6 million seed round in August 2024. At the time, Halliday said the funds would support blockchain gaming and metaverse ecosystems.
So there you have it, folks! Halliday is shaking things up in the world of blockchain payments, and with a16z leading the charge, the future looks bright and full of promise. 🤖🚀
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2025-03-18 20:02