TollBit, a NYC-based company that offers AI bots and data scrapers a compliant way to compensate websites directly for content, has raised $7m in funding.
The round was led by Sunflower Capital with participation from AIX, Lerer Hippeau, Operator Collective, and Liquid 2 Ventures.
The company intends to use the funds for the continued expansion of its tech team.
Founded by Olivia Joslin and Toshit Panigrahi, TollBit allows AI bots and data scrapers to pay websites directly to license their content. The technology allows websites to monetize data and content, monitor bot traffic to sites, and onboard AI and LLM partners. The system uses tokens that are issued and validated by the platform to ensure every scrape is authorized and logged.
TollBit is currently onboarding publishers to the platform.
FinSMEs
07/03/2024