AI-native bank Catena Labs completes $30 million Series A financing

Circle co-founder Sean Neville's "AI-native bank" Catena Labs has completed a $30 million Series A funding round, with investors including a16z Crypto, Coinbase Ventures, and Breyer Capital. Catena Labs aims to build financial infrastructure for AI agents, enabling them to autonomously handle payments, fund management, and compliance operations. The company plans to combine stablecoins with on-chain identity systems to provide native banking services for the AI economy.