Crossmint buys Canadian user research startup Cycle AI

US & CANADA – Miami-based blockchain platform Crossmint has acquired artificial intelligence user research startup Cycle AI.

Crossmint, founded in 2022, is used by companies and developers to build web 3 use cases, and offers a set of asset tokenisation, wallet, identity and payment tools. Customers include Mastercard, Red Bull and Coinbase.

Cycle AI, based in Toronto and founded earlier this year, offers AI-based user research tools. 

Crossmint said the acquisition would bolster its platform’s ‘AI capabilities’ and help it to ‘better serve’ clients building crypto-based AI applications.

Cycle AI’s chief executive Conor Plunkett has joined the Crossmint team following the acquisition. 

The financial terms were not disclosed.

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