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Autofarm Network - Strategic
Overview
Funding Date
January 15, 2023
Financing amount
$5M
Valuation
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Category
Subcategory
About Autofarm Network - Strategic
Autofarm is securing a private $5 million strategic investment round in January 2023. This fundraising aligns with the progress Autofarm is making in the integration of advanced Artificial Intelligence (AI) and Machine Learning (ML) technologies through the establishment of AutoLabs, an in-house research division dedicated to exploring the integration of AI/ML technologies.
Founders & Team
Mild Giraffe
Company Profile / Project Introduction
The Autofarm ecosystem is a one-stop DeFi suite for all users. Autofarm aggregate yield opportunities using the vaults system and provides the best swap rates using the in-house built DEX aggregator (AutoSwap). Presently, Autofarm is deployed on 14 different EVM-compatible chains with approximately $500 million of Assets Under Management (AUM). AutoSwap DEX Aggregator generates between $500k - $1m in daily volume. Autofarm's notable achievements include having the native AUTO token being listed on Binance Centralised Exchange (CEX), helmed as Top 3 in Binance Smart Chain (BSC) Most Valuable Builder (MVB) Programme, recognised in the Binance MVB Hall of Fame, awarded the BSC Innovation Medal and consistent BSC BUIDL rebates reward recipient since February 2021. Additionally, Autofarm prides itself for having strategic partnerships with reputable DeFi brand names – Polygon, Ozys Team, CertiK, SlowMist, BiSwap, InsurAce and Chainlink.