The AI companion platform Nectar AI has secured $3.9 million in funding to advance revenue-generating AI experiences.

Recently, a US AI companion platform Nectar AI announced the completion of a $3.9 million financing round. This round of financing was participated in by multiple investment institutions, including Mechanism Capital and Karatage as the leading investors, with companies such as Synergis, Maelstrom, Builder Capital, Baboon, and Decima also involved. In addition, several well-known angel investors have expressed their support for the project, including some important figures from the blockchain and cryptocurrency industry.

The funds raised will mainly be used to expand the team size, particularly to recruit talent in the fields of AI and protocol development, and will also be used to explore new partnerships.

The two co-founders of Nectar AI, Keccak and Zi, began their collaboration in August 2023. Prior to this, Keccak was involved in founding a well-known AI and crypto fund, while Zi made significant contributions to real facial synthesis technology in a social media giant and a certain blockchain project. The core goal of Nectar is to develop a new protocol to achieve the financialization of on-chain AI assets.

The project originally started as a simple image generation engine, offering various image models that enable creators to realize their ideas in different styles. Users can not only leverage the latest technology but also easily create images. This product reflects the Nectar team's commitment to open source, decentralization, and user participation. The team's initial intention was to help artists solve the problem of insufficient computing power, allowing them to achieve income and self-worth through image creation.

With positive user feedback, the team quickly expanded the platform's features from a single image generation to customized role-playing and fantasy products. After launching these new features in early Q3 2023, the platform officially launched its flagship AI companion product in Q1 2024.

Today, Nectar has evolved into a user-friendly platform that allows users to create immersive AI companions. Despite the huge market demand for intelligent response robots, existing solutions are mostly limited to traditional text interface interaction modes. Nectar is committed to expanding deeper interaction methods, including video, voice, and possibly future involvement of tactile and AR/VR technologies, aiming to become the leading platform for creating the most realistic AI experiences.

Utilizing generative AI and Web3 technology, Nectar AI allows users to create multimodal AI companions, which can be either realistic or animated. The platform is capable of understanding user intent and quickly responding with images or text to meet users' customization needs for characters and fantasies. The platform has supported generative AI video creation, and more in-depth video and voice features are also in development. In the future, users will be able to deploy their created AI companions onto the blockchain, possessing complete IP ownership and the ability to profit freely.

Nectar community members highly recognize the platform's ability to create entertaining and emotionally supportive content. A top creator stated: "The charm of Nectar AI lies in its high customizability. Whether it's creating an ancient soldier traversing the jungle or an elegant virtual companion, the platform can meet users' imaginations. The role-playing feature allows users to establish a deep connection with their AI companions."

Since the launch of the core companion product less than 9 months ago, Nectar AI has attracted over 500,000 users and maintains a strong growth momentum. In the context of the industry widely seeking the next "consumer-grade crypto application", Nectar has successfully introduced users to the blockchain world by providing them with an embedded wallet. Recently, Nectar has also received funding from several blockchain project foundations, which will help enhance users' on-chain interaction experience within the application.

Currently, Nectar has launched a rewards program open to all users, including the existing 500,000 users. The program helps users familiarize themselves with product features through tasks such as image and video creation, and fantasy storytelling. Users can learn about the latest project updates and event information through community channels.