Tether Backs AI Payments Startup Mural in $15 Million Series A

Tether has led a $15 million Series A funding round for Mural, a New York-based startup focused on artificial intelligence and payments. The investment adds fresh capital to a company working at the intersection of two closely watched areas in the technology and digital-assets sectors.

Funding expands Mural’s capital base

The round also included North Island Ventures and Mural’s existing investors. With the latest financing, the startup’s total funding has reached $28 million.

The funding milestone gives Mural a larger base from which to develop its business as an AI-focused payments company. However, the available announcement did not disclose how the new capital will be allocated, whether Mural plans to expand its team, or which specific products and markets are being prioritized.

Why the deal matters

The investment reflects continued funding activity around companies combining AI with financial infrastructure. Payments startups are increasingly being assessed not only on the transactions they support, but also on how software can improve processes surrounding payment operations and financial services.

For Mural, participation from both a new lead investor and existing backers provides a mix of continued shareholder support and additional outside capital. The company’s total funding now stands at nearly twice the size of this Series A round, underscoring that the latest financing is a significant addition to its previously raised capital.

The announcement identifies Mural as an AI-focused payment startup but does not provide further details about its technology, customers, revenue, or operating footprint. Those details will be important for assessing how the company intends to translate its funding into growth in the competitive payments market.

Source: Coindesk