PANews reported on October 31 that according to The Block, Axal, a startup focused on the development of autonomous agent networks, announced the completion of a $2.5 million pre-seed financing led by CMT Digital, with other participants including a16z Crypto Startup School, Escape Velocity, IDG Vietnam and Artichoke Capital. Axal plans to use the funds to expand its team and launch its first product, Axal Autopilot, an autonomous agent-driven trading automation platform that provides users with personalized trading strategies, including price tracking, on-chain transaction execution and revenue management.

Axal founder Ash Ahmed said the company is committed to developing verifiable autonomous agents that simplify users' lives with practical automation functions, rather than just creating tokens or entertainment products.