Donut, a browser from a new cryptographic source dedicated to autonomous agents, announced on May 29 that it has secured $7 million in seed funding to rethink how users and AI interact with the decentralized web.
The round was led by Hongshan (formerly China’s Sequoia China), Bitkraft Ventures and HackVC with additional support from Sky9 Ventures, Matrix Partners, Makers Fund, Altos Ventures, Orthogonal Ventures, Vessel Ventures and SonicsVM.
The funding will help donuts product development, talent recruitment and early growth in the community, and will become the primary viewing layer for cryptographic native AI agents and users.
Unlike traditional browsers that separate content consumption from financial execution, Donuts integrate crypto wallets, networks, and DEX into an integrated, programmable interface.
This allows you to act on behalf of users and AI agents, discover tokens, place bets, exchange assets, and earn instant yields from your browsing environment.
Donut founder and CEO Chris Zhu said:
“Traditional browsers weren’t built for crypto or agents. They’re rebuilding the Internet frontend to be rebuilt into high-finance, contextual, agent-driven.”
Zhu previously worked for Crypto and Frontier Technology Projects and co-founded Mirror World, a Solana-based smart contract gaming protocol. His new venture reflects the growing belief that cryptographic applications rely more and more on agent systems to navigate the complexity and speed of on-chain environments.
Donut’s browsers feature intra-domain AI models trained specifically for cryptographic contexts supported by a swarm of autonomous browser agents.
These agents operate via a headless browsing engine overlaid with Codeact Framework and MCP clients, allowing you to analyze data, execute transactions, and trigger smart contract interactions at scale.
According to the company, these agents can analyze information, simulate decision-making, offload cognitive load from users in the fast mobile market and simulate transactions.
Tim Fan, the chief scientist at Donuts and former AI researcher at Carnegie Mellon University and Meta AI, will lead technical leadership.
The fan said:
“Our vision is that agents are not people, they will do most crypto transactions in the future. We are building tools and infrastructure to make that a reality.”
Donuts are located at the intersection of several emerging trends, including agent computing, headless execution, embedded finance, and autonomous market participation.
DONUT integrates these components into a real-time execution layer, transforming views into streams of action opportunities, as opposed to trading dashboards that act as crypto wallets and discrete tools.
The company actively employs rapid engineers, AI scientists, graphic designers, and community growth leads across research, design and product roles. Open rolls are listed on the Donuts carrier page as the team appears to scale their products ahead of a wider launch.
