Fetch.ai

Fetch.ai is an innovative technology company based in Cambridge, Cambridgeshire, focused on delivering AI-powered solutions through its agent-based technology. The company is known for its open-source platform that allows developers and businesses to create, deploy, and monetise AI applications at scale. Fetch.ai’s core product, DeltaV, combines Language Models (LLMs) and AI Agents to build a dynamic marketplace, revolutionising the way users interact with services and transforming the traditional search experience.


Fetch.ai launched ASI-1 Mini, the world's first Web3-native large language model (LLM) designed for agentic AI. It supports complex workflows with four adaptive reasoning modes and operates efficiently on just two GPUs
 

Fetch.ai operates on a decentralised platform, supporting complex tasks like creating digital twins, which can be applied across various sectors, including DeFi (decentralised finance), transportation networks, and smart energy grids. This is enabled through the use of FET tokens, which are integral to the platform's functionalities such as creating, training, and deploying digital twins, validating transactions, and more.
 

The company was founded in 2017 by Humayun Sheikh, Toby Simpson, and Thomas Hain. It launched its native FET token and later raised $40M in a funding round led by DWF Labs. Fetch.ai has raised a total funding of $61.9M over 6 rounds. Fetch.ai has collaborated with significant players in the AI and blockchain industries, including Ocean Protocol and SingularityNET, to form the Artificial Superintelligence Alliance, aiming to push the boundaries of AI and decentralised networks.

Fetch.ai's technology is based on the Cosmos-SDK, which supports advanced cryptography and machine learning logic, offering both high performance and scalability. The platform’s interchain capabilities make it a layer-2 network for Ethereum and provide a bridge to other blockchains. Fetch.ai’s goal is to provide a decentralised network that offers enhanced privacy, security, and flexibility, helping to bring the potential of AI and blockchain to various industries.

Fetch.ai was founded in 2017 by Humayun Sheikh, Toby Simpson, and Thomas Hain, with the vision of developing a decentralised network that could enable the integration of artificial intelligence (AI) with blockchain technology. The company’s primary objective was to create a platform where AI agents could be built, deployed, and monetised at scale, providing automation and intelligence to decentralised systems. Based in Cambridge, Cambridgeshire, Fetch.ai's foundation was rooted in the need to support the emerging demand for decentralised AI applications, particularly in the fields of finance, smart cities, and energy management.

In 2019, Fetch.ai made significant strides by launching its native token, FET, through an Initial Exchange Offering (IEO). This token became integral to the platform’s functionality, enabling users to create, deploy, and train AI-powered digital twins. These digital twins were designed to represent real-world entities in a digital format, facilitating smarter decision-making through data exchange and automation. This marked a significant step in the company’s journey towards creating a fully decentralised ecosystem.

Over the next few years, Fetch.ai formed key partnerships with organisations such as Ocean Protocol and SingularityNET. Together, these companies established the Artificial Superintelligence Alliance, aimed at accelerating the development of AI and decentralised technologies. This collaboration helped Fetch.ai to further its mission of delivering AI solutions through decentralised networks, as well as enhancing its reach and market presence.
 

In 2023, Fetch.ai raised $40 million in a funding round led by DWF Labs, strengthening its financial position and supporting further development of its platform. The company’s platform, based on the Cosmos-SDK, allows for advanced cryptography and machine learning logic to be implemented on-chain, providing greater scalability and security for its users. Fetch.ai has continued to expand its platform capabilities, enabling a wide range of applications, from decentralised finance (DeFi) to smart energy grids.
 

Today, Fetch.ai remains a leader in the AI and blockchain space, constantly evolving its platform to meet the needs of businesses and developers. The company’s most recent developments include the introduction of ASI-1 Mini, a Web3 large language model (LLM) designed for agentic AI. This tool is part of the company’s efforts to bridge the gap between AI agents and decentralised technologies, empowering users to build, train, and deploy sophisticated AI applications. Fetch.ai's focus continues to be on providing AI solutions that are scalable, secure, and decentralised, with a growing presence in AI-powered applications, smart cities, and digital economies.

Fetch.ai’s mission is to empower businesses and developers by providing a decentralised platform that enables the creation, deployment, and monetisation of AI applications. Through its agent-based technology, Fetch.ai aims to improve decision-making, increase automation, and create efficient, intelligent systems. The company focuses on using AI agents to solve complex real-world problems in areas like decentralised finance, smart cities, and energy management. By offering a secure, scalable, and interoperable platform, Fetch.ai strives to help businesses unlock the potential of AI while maintaining the principles of decentralisation and transparency.

Fetch.ai envisions a future where decentralised AI networks power the next generation of smart applications. The company aims to lead in the development of AI agents that autonomously interact, learn, and make decisions in real-time. Fetch.ai seeks to create a global network that connects industries and users through intelligent, decentralised systems, transforming sectors like finance, transport, and energy. By combining AI with blockchain technology, Fetch.ai’s vision is to create a more connected, automated, and efficient world, where individuals and businesses can securely share and utilise data without intermediaries.

The company has been acknowledged for its efforts in developing decentralised AI applications, particularly in the fields of finance, smart cities, and energy management. Fetch.ai’s platform has gained attention for its ability to combine AI agents with blockchain, enabling intelligent, automated systems. It has been a key player in the Artificial Superintelligence Alliance, partnering with companies like SingularityNET and Ocean Protocol. Fetch.ai has also attracted investments, including a $40 million funding round in 2023, further solidifying its position in the tech industry.

Fetch.ai offers a range of products and services that combine artificial intelligence (AI), blockchain technology, and decentralised networks to provide innovative solutions for businesses and developers. Their platform focuses on enabling the creation, deployment, and monetisation of AI applications through the use of autonomous AI agents. Below are the key products and services provided by Fetch.ai.
 

DeltaV Platform: DeltaV is Fetch.ai's core product, designed to combine AI agents with blockchain technology to build a dynamic marketplace. The platform allows businesses and developers to create AI-powered digital twins—virtual replicas of physical entities—enabling intelligent, automated decision-making. These digital twins can interact with each other, share data, and carry out tasks autonomously, making them ideal for use in industries like finance, smart cities, and energy management. DeltaV integrates with decentralised finance (DeFi) protocols, enhancing financial decision-making and offering new ways to automate processes within financial ecosystems.
 

FET Token: The FET token is the native cryptocurrency of the Fetch.ai ecosystem. It is used to power the platform by enabling users to pay for transactions, access services, and create or train AI agents. FET tokens are also used to validate transactions, ensuring that the Fetch.ai network operates securely and efficiently. They play a crucial role in the deployment of digital twins and in the creation of custom, decentralised applications. By using FET tokens, businesses and developers can leverage Fetch.ai’s advanced AI features and access various decentralised services on the network.

Digital Twin Technology: Fetch.ai’s digital twin technology is central to its platform. Digital twins are virtual representations of physical objects, systems, or processes, allowing for real-time monitoring, analysis, and optimisation. By creating digital twins, users can track and manage assets or processes more efficiently and accurately. These digital twins can communicate with each other across Fetch.ai's decentralised network, providing real-time data insights and enabling autonomous decision-making. This technology is used in various sectors, including logistics, energy, manufacturing, and transport, where real-time data and intelligent automation are essential.

Agentverse: Agentverse is Fetch.ai's platform for developing and running AI agents. It allows users to create their own AI agents without requiring deep technical expertise. This no-code platform provides an easy way for developers to design, deploy, and manage AI agents in different environments. Agentverse also includes a marketplace where users can discover and interact with pre-built agents. This service is designed to help businesses automate various tasks, from customer service to complex decision-making, by deploying AI agents that can function autonomously. The platform is built with scalability in mind, making it suitable for both small and large-scale applications.

ASI-1 Mini: ASI-1 Mini is Fetch.ai's latest offering in the AI space, designed specifically for Web3 environments. This large language model (LLM) is optimised for agentic AI applications and enables developers to build intelligent, autonomous systems that can process and respond to natural language inputs. ASI-1 Mini is ideal for creating conversational AI systems, chatbots, and other AI-driven applications that require real-time data processing. By integrating ASI-1 Mini into their systems, businesses can take advantage of advanced AI capabilities in areas such as customer engagement, automated content creation, and intelligent virtual assistants.

Fetch.ai Wallet: The Fetch.ai Wallet is a Web3 wallet designed to help users manage their FET tokens and interact with the Fetch.ai ecosystem. It allows users to securely store, send, and receive tokens, as well as access the various services and applications within the Fetch.ai network. The wallet also integrates with decentralised applications (dApps) built on Fetch.ai’s platform, making it a vital tool for users participating in the Fetch.ai economy. The Fetch.ai Wallet provides a simple, secure way for individuals and businesses to interact with the platform, track transactions, and engage in various blockchain-based activities.

Fetch.ai Innovation Lab: The Fetch.ai Innovation Lab is dedicated to supporting the development of new AI-powered projects and helping startups and businesses integrate AI into their operations. The lab works closely with developers and entrepreneurs to foster innovation, providing resources, mentorship, and technical support. By collaborating with the lab, companies can explore new AI applications, particularly in areas like autonomous systems, decentralised finance, and smart cities.

Consulting and Integration Services: Fetch.ai offers consulting services to help businesses integrate AI and blockchain solutions into their operations. Whether it’s building custom AI agents, deploying digital twins, or creating decentralised applications, Fetch.ai provides the expertise needed to implement cutting-edge technology. The company works with clients across industries to develop solutions tailored to their specific needs, ensuring that AI and blockchain are effectively incorporated into their business models.