Halliday Secures $20 Million to Revolutionize Workflow Automation
halliday, an AI-driven startup, has raised $20 million in a funding round lead by Andreessen Horowitz.This investment will boost teh development of it’s Workflow Protocol. The protocol simplifies creating financial apps without needing smart contracts, using blockchain and AI.
Andreessen Horowitz’s crypto VC unit spearheaded the Series A round. Other investors include SV Angel, Credibly Neutral, and Blizzard Fund. The company aims to make financial app development easier for developers.
Traditionally, smart contracts are the go-to for on-chain app building. But they’re slow, costly, and risky. Halliday’s solution streamlines this process. It automates workflows, removing the need for constant smart contract writing. This makes it safer and faster for developers.
Smart contracts are complex and time-consuming. Halliday’s protocol changes this. It automates tasks like payments and treasury management. This attracts financial institutions and payment providers.
Smart contracts are like building with hardware, not software. They’re slow and risky. Halliday’s protocol solves these issues. It integrates AI and blockchain, making web3 adoption simpler for businesses. The protocol handles tasks like payments and yield optimization. It works with various blockchain layers and supports gaming and metaverse projects.
Since 2023,Halliday has partnered with banks and payment firms. Their system is already used by Avalanche, ApeCoin, and DeFi kingdoms. recent partnerships with SKALE Network and ApeChain show its growing influence. The startup’s tech integrates AI safely.
Halliday’s workflow system is tested since 2023. It integrates payment flows with 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.
