Surf Raises $15M to Scale the First AI Model Purpose-Built for Digital Assets

We’re excited to announce that Surf has raised $15M, led by Pantera Capital, with participation from Coinbase Ventures and DCG.

Since July, Surf has helped more than 80,000 users generate over 1 million research reports, supporting better decision-making in crypto. This new funding will accelerate the next phase of growth with Surf 2.0 and our expanding enterprise offering.

Surf was built around a simple thesis: crypto is too complex and unique for general-purpose AI. LLMs are powerful, but they hallucinate frequently and struggle with specialized workflows. That’s why Surf is designed to feel less like a chatbot and more like having a personal crypto analyst on call — one that truly understands the market and applies consistent logic every time.

Our focus on specialization has already paid off. Surf 1.0 outperforms leading models like GPT and Grok by up to 4x on crypto-specific tasks (CAIA). For us, this result validated what our users were already telling us: when money is on the line, accuracy and trust matter more than anything else.

With this round, we’re shipping Surf 2.0:

Together, these bring Surf closer to delivering expert-level analysis at the speed of AI.

We’re also expanding Surf for teams and enterprises. Many organizations already rely on Surf daily, and we’re making it easier to scale usage with bulk seats for collaboration and standardized research, as well as APIs that bring Surf’s intelligence directly into internal applications and workflows. Teams are already using Surf for tasks like project due diligence, competitive intelligence, and portfolio and risk review. 

This round gives us the resources to keep building toward a future where analyst-level analysis is accessible to anyone. If you’re curious, you can try Surf at asksurf.ai, or reach out for early enterprise access.