Alibaba Backs $6.5 Million Funding Round for AI Startup Alsa

MT Newswires Live
Yesterday

Alibaba (BABA) and Tribe Capital co-led a $6.5 million seed funding round for AI infrastructure startup Alsa, the company said Tuesday.

Alsa said it will use the proceeds to expand its engineering team, scale its AI agent payment infrastructure, onboard additional models and API providers, and accelerate stablecoin settlement capabilities.

The round also included participation from Draper Associates, Sumitomo Corporation and Saison Capital, it added.

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