Blockchain

Nectar AI Raises $3.9M to Build Uncensored Immersive AI Companions

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    New York, New York, August 26th, 2024, Chainwire

     

    Nectar AI, an immersive AI companionship platform, announced today it has raised $3.9 million in funding.

    The seed round is co-led by Mechanism Capital and Karatage, with participation from Synergis, Maelstrom (Arthur Hayes), Builder Capital, Baboon, and Decima. Notable angel investors include Tekin Salimi and George Lambeth (Dao5), Albert Chon (Cofounder at Injective), Charles Lu (Cofounder at Espresso Systems), Gabby Dizon (Cofounder at YGG), and several other key figures in the crypto space.

    The proceeds will be used to scale the team with several key hires on both the AI and protocol side, as well as increase capacity for new partnerships and affiliates.

    Nectar AI’s mission is to allow users to create and interact with AI companions that feel indistinguishable from reality. Leveraging the latest developments in generative AI and web3, Nectar AI allows users to create uncensored & replicable multimodal AI companions in either a realistic or anime style. Users can customize their characters at a level of depth unmatched by other platforms, by detecting user intent and responding appropriately with images or text within seconds. Generative AI video creation is also available on the platform, with more in depth video and voice messages coming soon. In the future, users will be able to port their created companions onchain, giving them full IP ownership of their assets as well as the ability to permissionlessly monetize them.

    Currently, over 500,000 users on the platform create both AI stories and companions, which allows storytellers to create rich and dynamic role playing experiences that can range from medieval adventures to different encounters. Companions are AI generated agents that can star in any of these stories, similar to casting an actress for a movie.

    Members of the Nectar community have lauded the platform for its ability to make uncensored immersive content for entertainment and emotional support.

    One user said, “A recent update allowed me to transform my photos into companions. The new ability to bring portraits to life inspired me to create a music video with one of them as the protagonist. Nectar is such a creator-friendly platform, and I’m really looking forward to more updates and eventually monetize my assets.”

    Keccak and Zi, the co-founders of Nectar AI, first met at Stanford and began working on the project in August 2023. Prior, Keccak helped start a prominent AI & crypto fund and Zi made significant contributions to realistic synthetic facial generation at Meta and L1 Blockchains. Nectar is set on developing a new protocol set to release later this year to enable financialization of on-chain AI agents.

    About Nectar

    Nectar AI is building out the future of human and AI interaction. We believe that these experiences should be uncensored and immersive, and our flagship product allows users to create personalized and multimodal AI companions.

    With over 500k users, Nectar AI’s mission is to become the most powerful decentralized platform for creating AI assets, and to deliver an integrated experience both on and offchain. Nectar AI was founded in 2023 by Keccak and Zi, who both graduated from Stanford, and has founding team members from top companies and protocols.

    Site: nectar.ai

    Info: support@trynectar.ai

     

    Contact

    Nectar AI
    support@trynectar.ai

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    FTSI and 21st Century AEYE Announce Strategic Merger

    2024-09-16T20:32:19Z

    Joining Forces to Strengthen Core Business and Pioneer Security Innovations

    MONROVIA, Calif., Sept. 16, 2024 (GLOBE NEWSWIRE) -- FTSI, a leader in technology solutions for financial institutions, proudly announces its strategic merger with 21st Century AEYE, a cutting-edge fintech focused on AI-driven innovation. This transformative partnership enhances both companies' capabilities, combining FTSI’s trusted expertise in banking technology and security with 21st Century's revolutionary AI solutions. The merged company will continue to operate under the FTSI name, upholding the high standards of service and innovation that customers have come to expect.

    Through this merger, FTSI will strengthen its core offerings in bank technology and security to deliver even greater value to its customers. A key feature of the new offerings will be 21st Century’s groundbreaking solution, "AEYE Defend," a state-of-the-art platform that transforms traditional video surveillance into an autonomous, proactive visual gun detection system. With unmatched accuracy and privacy, this solution provides a comprehensive approach to detecting, locating, and responding to potential threats, significantly enhancing safety measures in critical environments.

    Guided by the vision of "where innovative ideas take flight," the merger signifies a bold commitment to evolution and forward-thinking solutions. Together, the new FTSI will push the boundaries of technological advancement while continuing its strong focus on community impact and social responsibility.

    “This merger marks the beginning of an exciting journey filled with growth, transformation, and innovation,” said Susan Napier, CEO and Founder of FTSI. “The FTSI name will continue to stand for exceptional service and trust, while we embrace new AI-driven technologies that will shape the future of security and banking technology. Our customers can expect the same dedication to excellence, with the added benefit of groundbreaking innovations.”

    The newly merged organization remains committed to a safer, more secure future and world. Together, FTSI and 21st Century AEYE will continue to deliver comprehensive solutions, exceptional service, and innovations that protect communities and ensure safety for all.

    "We believe 21st-century problems require 21st-century solutions," stated Said Bilani, Founder and CEO of 21st Century AEYE. “Our mission and vision are aligned to enhance safety and security, uplift quality of life, and create technologies that ensure our communities are safer, more robust, more secure, and more resilient.”

    “Artificial intelligence is changing the world,” said Brannon Castleberry, Co-Founder of 21st Century AEYE. “Embracing innovation and the future is what has drawn our two companies together, and we will continue to pursue innovation in our existing markets so that our clients are at the forefront of innovative, proactive solutions."

    For more information about the merger, please visit https://ftsius.com/ftsi-and-21st-century-aeye-merger.

    About FTSI

    FTSI is an independent provider of digital and branch solutions for community financial institutions. FTSI offers an ecosystem of solutions including digital, physical and electronic security, ATM service, ATMs/ITMs/TCRs and self-service technologies, remote ATM management, cash services, professional services, and a range of strategic planning and consultative services.

    About 21st Century AEYE

    21st Century AEYE envisions a world where safety knows no boundaries and the threat of violence is eradicated from people's daily lives. Our mission is to save lives and enhance safety and security across a diverse range of industries and environments. From education and healthcare to corporate sectors, entertainment venues, streets, and highways, we strive to provide comprehensive solutions that protect human lives wherever they may be.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4f0b0829-4122-4ceb-a5c8-43a359f19427

    CONTACT: Media Contact

Molly King
marketing@ftsius.com
818-241-9571 x139

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