Olas has just secured $13.8M to unveil Pearl, the world’s first “agent app store” that lets anyone deploy and manage AI agents as effortlessly as downloading an app.
Olas, which has been developing autonomous AI agents since 2021, today announced it raised $13.8 million in a funding round led by 1kx, with the participation of Tioga Capital, Sigil Fund, Zee Prime Capital, Spaceship DAO, Metropolis DAO, very early Ventures, Borderless, and prominent angel investors.
The funding will fuel its brand-new agent app store, Pearl. This revolutionary platform marks a pivotal shift in the deployment of autonomous AI technology. It offers users complete ownership and control over their AI tools — a true game-changer in the digital landscape where such tools are mostly rented.
Pearl is the first “agent app store” of this kind. This desktop application lets customers pick and launch agents for tasks like social media management or DeFi trading, just like browsing a regular app store. Besides, with Pearl, users are in charge every step of the way thanks to its on-chain ownership model.
“Pearl’s agent app store represents a significant step forward in democratizing access to AI agents. By giving everyone AI agents they can not only use, but fully own and customize, we’re turning the status quo on its head. At a time when advances in AI can seem increasingly daunting, Olas is uniquely giving control of AI back to the user.”
David Minarsch, CEO of Pearl’s core contributor
Olas’ agents are setting themselves apart by processing over 700,000 transactions every month — a figure that’s growing 30% month-over-month. The firm’s sovereign and decentralized agents have already facilitated more than 3.5 million transactions across nine blockchains, with over 2 million being agent-to-agent exchanges. Olas also creates whole agent economies and multi-agent systems.
Unique agent interactions power diverse use cases, from DeFAI with Modius and influencer operations via Agents.Fun, to prediction markets through Olas Predict — a platform so compelling that even Ethereum founder Vitalik Buterin highlighted its potential ubiquity in prediction markets.
Besides the app store for agentic AI tools, Olas is launching its Accelerator program, offering up to $1 million in grants and OLAS token rewards for developers building cutting-edge agents on Pearl. Individual teams can earn as much as $100,000 plus tokens for their innovative creations, reinforcing Olas’ position as the premier destination for crypto-native AI agents.
Olas’s rapid expansion is fueled by its groundbreaking technology that empowers users to own and control AI agents. The platform leverages its Olas Stack and Protocol solutions to promote user-owned agents, boost ecosystem participation with Proof of Active Agent staking, and solidify its leadership in autonomous agent technology development within the DeFi space.
