Surf Raises $15M to Build AI Model Tailored to Crypto Research

Finance Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Surf Raises $15M to Build AI Model Tailored to Crypto Research Pantera Capital led the round, with Coinbase Ventures and Digital Currency Group also participating. By Will Canny , AI Boost | Edited by Stephen Alpher Dec 10, 2025, 4:51 p.m. Surf raises $15M to build an AI model tailored to crypto research. (Unsplash, modified by CoinDesk) What to know : Surf raised $15 million to develop "Surf 2.0" and launch an enterprise product aimed at institutional users. The firm said it has generated more than 1 million research reports since July and is seeing 50% month-over-month growth. Surf, an AI research and intelligence platform focused on digital assets, has raised $15 million in a funding round led by Pantera Capital, with participation from Coinbase Ventures and Digital Currency Group (DCG), the company said in a press release Wednesday. The San Francisco-based startup said the funds will go toward building Surf 2.0, a new version of its crypto-focused AI model, and expanding its enterprise offering. STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy . The company pitches itself as an alternative to general-purpose large language models (LLMs) by training proprietary systems specifically for digital asset analysis and pairing them with crypto-native datasets. The platform uses a multi-agent setup that analyzes inputs such as social sentiment, on-chain activity and token and market behavior, delivering outputs through a chat-style interface designed to cut down on manual research. Surf 2.0 will add a more advanced model, expanded proprietary datasets and new agents designed to execute multi-step workflows that are typically handled by experienced analysts, the company said. Surf Enterprise will include dedicated infrastructure and enhanced security tooling aimed at meeting institutional requirements. "When people make financial decisions, they want information they can trust. Generic AI tools aren't built for that," said Ryan Li, Surf’s co-founder and CEO. Since launching in July, Surf said it has reached millions in annual recurring revenue, generated more than 1 million research reports, grown 50% month over month, and is used by 80% of top exchanges and research firms. Read more: Pye Finance Raises $5M Seed Round Led by Variant and Coinbase Ventures AI Fundraising Pantera AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards . For more information, see CoinDesk's full AI Policy . More For You Protocol Research: GoPlus Security By CoinDesk Research Nov 14, 2025 Commissioned by GoPlus What to know : As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M. GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month. Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B. View Full Report More For You Tether Rolls Out Privacy-Focused Health App as Expansion Into AI Accelerates By Krisztian Sandor | Edited by Sheldon Reback 28 minutes ago The company behind the largest stablecoin, the $186 billion USDT, is increasingly venturing beyond crypto into sectors such as artificial intelligence and robotics. What to know : Tether unveiled QVAC Health, an AI-aided app that allows users to track fitness and health data privately on their devices. The app ensures data privacy by keeping information offline and encrypted, avoiding commercial servers, the firm said. This initiative is part of Tether's expansion beyond its financial roots into decentralized technology and AI. Read full story Latest Crypto News ICP Extends Decline as Range Support Breaks, Testing New Lows Near $3.48 4 minutes ago GameStop Posted $9.4M Loss on Bitcoin Holdings in Q3 26 minutes ago Tether Rolls Out Privacy-Focused Health App as Expansion Into AI Accelerates 28 minutes ago Investors Are Hunting for Countercyclical Value in Privacy Coins 50 minutes ago Strategy Pushes Back on MSCI’s Digital Asset Exclusion Proposal 1 hour ago SpaceX’s $300M Bitcoin Stack Puts Crypto Inside the World’s Biggest Planned IPO 1 hour ago Top Stories Strategy Pushes Back on MSCI’s Digital Asset Exclusion Proposal 1 hour ago Eric Trump's American Bitcoin and Anthony Pompliano's ProCap Add to BTC Holdings 2 hours ago Telegram Ring Ran Pump-and-Dump Network That Netted $800K in a Month: Solidus Labs 2 hours ago Superstate Rolls Out Direct Stock Issuance for Public Companies on Ethereum, Solana 3 hours ago SpaceX’s $300M Bitcoin Stack Puts Crypto Inside the World’s Biggest Planned IPO 1 hour ago Bitcoin Volatility Is Still Compressing, Dimming Year-End Rally Outlook 3 hours ago