NeoSwap
AI-powered liquidity solutions for illiquid digital assets.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor investor | €0.0 | round | |
* | $2.0m | Seed | |
| Total Funding | 000k | ||
Initially founded as NeoSwap AI and rebranded to Tulle in September 2024, the company provides liquidity solutions for low-volume cryptocurrency markets. The platform operates as an AI-powered economic engine, facilitating complex multi-party and multi-item swaps of digital assets with minimal use of currency. This approach, described as "neo-barter," unlocks value and increases trading volume in otherwise illiquid markets, such as non-fungible tokens (NFTs).
The company was founded by Dr. John Ennis (CEO), Kuba Kwiecien, and Hamza Diaz. Dr. Ennis holds a Ph.D. in Mathematics and has a background in computational neuroscience and enterprise AI. His co-founders, Diaz and Kwiecien, previously worked with him at his former AI services company, Aigora, as Director of Technology and Head of AI, respectively. The founding team also includes Kieran Parker-Moroney as Chief Strategy Officer and Pawel Kurzeja as Chief Operating Officer.
Tulle's core technology utilizes proprietary algorithms, AI-driven prediction models, and advanced trade-finding mechanisms to orchestrate efficient trades and discover prices. The system captures user intent and preferences to propose personalized trades, a feature known as AI-Proposed Trades. The company's roadmap includes THEO, an AI-powered chatbot for customized trade suggestions. To facilitate integration, Tulle offers partners the "TulleKit," a comprehensive SDK. The firm's business model involves leveraging the rich, off-chain pricing data collected during trades to train its AI engines. Initially launched on the Stacks blockchain, the platform has expanded or plans to expand to Solana, Polygon, and Ethereum. It has established partnerships with entities like Star Atlas, Genopets, and Baxus, the latter of which uses the technology to enhance liquidity in wine and whisky markets.
In February 2023, the company, then NeoSwap AI, announced a $2 million pre-seed funding round at a $15 million valuation, led by Digital Asset Capital Management (DACM) and AngelHub. By September 2024, at the time of its rebranding, the total pre-seed funding raised was cited as $3 million. The company is headquartered in Richmond, Virginia.
Keywords: digital asset trading, AI-powered trading, illiquid markets, multi-party swaps, NFT liquidity, neo-barter, decentralized commerce, blockchain AI, trade discovery, asset tokenization, Tulle, TulleKit, Stacks, Solana, John Ennis, crypto liquidity, smart auctions, Ordinals NFT, AI economic engine, personalized trade