Valory
Valory AG builds open-source infrastructure for co-owned autonomous AI agents via the Olas ecosystem, operating Pearl (consumer agent app store) and Mech Marketplace (enterprise AI agent marketplace) on multi-chain blockchain rails.
- Company typePrivate
- Founded2021
- HeadquartersZug, Switzerland
- Headcount1–10
- GTM typeB2B and B2C
- OfferingSoftware
What Valory does
Valory AG is a Swiss-incorporated (Zug, 2021) private company that builds open-source infrastructure for co-owned, autonomous AI agents through its core contribution to the Olas ecosystem. Its technology stack combines blockchain protocols (Olas Protocol on Gnosis Chain, Ethereum, Solana, and Polygon) with multi-agent AI frameworks, anchored by a novel Proof of Active Agent mechanism that ties token staking rewards to measured agent activity KPIs. The company operates a dual-product strategy: Pearl, a consumer-facing desktop AI agent app store at pearl.you that lets non-technical users own and operate self-custodial agents for prediction trading, DeFi portfolio management, social media, and pet-sitting; and the Mech Marketplace, an enterprise-oriented decentralized marketplace where AI agents hire other AI agents' services with dynamic pricing powered by Nevermined.
Supporting products include Propel Genie (a generative AI agent that writes autonomous agents from natural language), Governatooorr (an AI delegate that votes on Snapshot DAO proposals), Contribute (AI-driven DAO operations), and Olas Predict (the inaugural agent economy executing trades on Gnosis Chain's Omen prediction markets). Valory monetizes indirectly through token-based incentive mechanics rather than disclosed SaaS revenue: developer rewards denominated in OLAS tokens, staking APYs (up to 521.4% for top agents) distributed via smart contracts, and emerging Mech Marketplace transaction fees. It is not a conventional software company; Valory monetizes as a protocol contributor whose economic upside is tied to OLAS token accrual rather than recurring subscription revenue.
The customer base spans crypto-native agent operators and stakers (long-tail, distributed), developers building agents on the Olas Stack (supported via Olas Dev Kickstart workshops, hackathons, and an up-to-$1M accelerator program with 40+ applicants), and enterprise teams deploying agent services through Mech Marketplace. Go-to-market is community- and event-led: the Agents Unleashed series (10 events, 8 cities, 4,457+ attendees, March 2024 to October 2025) drives top-of-funnel activation alongside a podcast franchise, developer workshops, and accelerator recruitment. Valory has raised approximately $17.8M across a $4M seed (True Ventures, Oct 2022) and $13.8M Series A (1kx, 2025), employs 30+ people across 16 countries, and is led by co-founders David Minarsch (CEO, Cambridge PhD) and David Galindo (CTO, cryptography professor), supported by a recently strengthened executive team including a COO and a Chief Growth Officer ex-CoinDesk.
Valory firmographics
Firmographics- Name
- Valory
- Legal name
- Valory AG
- Website
- https://valory.xyz
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Valory AG builds open-source infrastructure for co-owned autonomous AI agents via the Olas ecosystem, operating Pearl (consumer agent app store) and Mech Marketplace (enterprise AI agent marketplace) on multi-chain blockchain rails.
- Ownership category
- akta.pro rank
Valory industry classification
Industry- Product category
- Autonomous AI Agent Infrastructure
- NAICS
- Software Publishers (5132)
- SIC
- Services-Prepackaged Software (7372)
- akta.pro primary industry
- Agents & Autonomous Workflows (Tool Use, Planning, Multi-Agent) (HDAAACAF)
- akta.pro secondary industries
- AI Application Enablement Platforms (Copilot/Agent Frameworks, SDKs) (HDAEANAJ), AI Observability, Monitoring & Evaluation Platforms (Drift, Quality, Safety) (HDAEANAF), Model Serving, Inference & Deployment Platforms (APIs, Edge/On-Prem) (HDAEANAC)
Keywords
Where Valory is headquartered
LocationHeadquarters
- HQ city
- Zug
- HQ country
- Switzerland
- HQ region
- Europe
Offices1 record
Markets served
Valory business model
Business model- GTM type
- B2B and B2C
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- Developer Rewards (Protocol): Builders who contribute code to the Olas ecosystem receive NFTs that accrue developer rewards denominated in OLAS tokens. Valory itself held NFTs giving claim to 4,688,083.81 OLAS (approximately $13.2M at time of writing) in developer rewards, donated to the Co-owned AI Foundation.
- Staking Rewards (Agent Operations): Olas Staking rewards OLAS token holders and agent operators who stake tokens and run autonomous agents meeting KPI targets. APY of up to 521.4% for trader agents. Rewards are distributed from staking contracts, funding agent operators and token stakers.
- Olas Accelerator Investment: Up to $1,000,000 (plus OLAS developer rewards) awarded to builders developing the best AI Agents on Olas for Pearl. Core contributor Valory benefits from ecosystem growth as the Olas protocol matures and more agents are deployed.
- Mech Marketplace Transaction Fees: The Mech Marketplace operates as a permissionless marketplace where AI agents can hire other agents' services. Dynamic, agent-friendly payment solutions are integrated via Nevermined. Transaction fees and subscription models support marketplace monetization.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Pay-as-you-go | Pearl consumer application — free to install, agents funded with credit/debit card |
| Outcome Based/ Performance | Pay-as-you-go | Coastal Staker Expedition — 20 OLAS staked, 2 OLAS/week rewards (521.4% APY) |
| Outcome Based/ Performance | Pay-as-you-go | Alpine Staker Expedition — 20 OLAS staked, 0.5 OLAS/week rewards (130% APY) |
| Other | Multi-year contract | Olas Accelerator — up to $1,000,000 plus OLAS developer rewards |
| Usage-based | Pay-as-you-go | Mech Marketplace — dynamic AI tool pricing via Nevermined |
Go-to-market motion4 records
Distribution channels5 records
Marketing channels11 records
Valory product offering
Product offeringCore offering
Valory builds open-source frameworks and protocol infrastructure for co-owned autonomous AI agents through the Olas ecosystem. Its flagship products are Pearl, a consumer-facing AI agent app store with self-custodial agents, and the Mech Marketplace, a decentralized marketplace for AI agent services. The company also develops Propel Genie, an AI agent-generating tool, and the underlying Olas Stack and Olas Protocol that power on-chain agent coordination, staking, and developer rewards.
Product overview
Valory is a research and deployment company that creates open-source frameworks for co-owned AI, primarily through its contributions to the Olas ecosystem. The product portfolio consists of a platform architecture anchored by the Olas Stack and Olas Protocol, with two primary consumer and enterprise product surfaces: Pearl (consumer AI agent app store with user-owned agents) and the Mech Marketplace (enterprise decentralized AI agent marketplace). Supporting products include Propel Genie (agent-generating agent for developers), Governatooorr (autonomous DAO governance delegate), Contribute (AI-ified DAO operations), and Staker Expeditions (staking onboarding program). The Olas ecosystem runs on Gnosis Chain, Ethereum, Solana, and Polygon, with Nevermined providing payment infrastructure for Mechs and Naptha/HuggingFace supporting AI tooling. Valory's core thesis is enabling communities to co-own AI systems through decentralized autonomous agents, with Olas Predict serving as the inaugural agent economy generating real transaction volume and synthetic training data.
Differentiator
Problem solved
Functional benefit
Brands
- Pearl: The 'agent app store', a simple desktop app enabling anyone to actually own their own AI agents, in use cases from social influencers to DeFAI. Rebranded to Pearl.you in December 2025.
- Mech Marketplace
- Olas
- Propel
- Olas Accelerator
Products and services
- Pearl Consumer-facing AI agent app store and desktop application enabling anyone to own, run, and earn from self-custodial, locally-executed autonomous AI agents. Supports prediction market trading, DeFi portfolio management, social media influencing, and AI pet-sitting use cases; integrates Safe wallets for self-custody with optional Google/Apple account recovery and credit-card funding.
- Mech Marketplace The first decentralized marketplace for AI agent services, enabling enterprise users to hire AI agent capabilities or monetize their own AI agent services in exchange for cryptocurrency. Permissionless, on-chain exchange for AI skills supporting dynamic per-request pricing via Nevermined's Smart Subscriptions.
- Propel Genie AI agent-generating agent that converts natural language design specifications into fully functional autonomous AI agent code. Uses multiple state-of-the-art LLMs in a collaborative multi-agent evaluation system to produce FSM specifications and code scaffolding, targeting a 10x reduction in agent development time.
- Olas Stack Open-source technical foundation of the Olas ecosystem, consisting of protocols and software that enable development, deployment, and coordination of autonomous AI agents. Includes the Open Autonomy framework for building agent-powered services and the Olas Protocol for incentivizing agent creation and co-ownership.
- Governatooorr Autonomous AI-powered delegate for DAO governance that evaluates and votes on Snapshot proposals on behalf of delegated token holders (GNO, veBAL, SAFE, vCOW, LDO, UNI). Leverages Mech tools to assess proposals and execute voting actions autonomously.
- Contribute Co-owned AI-ified DAO operations tool built by Valory that autonomously posts tweets, assesses community impact, and distributes points to members on-chain. Built on Olas Mech tools and integrated with Ceramic Network for decentralized data storage.
- Olas Predict Inaugural agent economy of the Olas ecosystem comprising hundreds of autonomous AI agents that trade in prediction markets on Gnosis Chain's Omen platform. Includes four agent types — market creator, market closer, trader, and researcher — and generates over 450,000-773,000+ transactions plus synthetic data as a byproduct of LLM-driven prediction workflows.
- Olas Protocol Foundational on-chain layer for incentivizing and coordinating autonomous AI agents. Introduced staking contracts, Proof of Active Agent mechanisms, and service NFT frameworks on Gnosis Chain, supporting service staking, developer rewards, and agent economy coordination.
Quantifiable outcome
- Olas Predict agents achieved up to 75% accuracy in predicting real-world events across 450,000+ transactions
- +5 more outcomes
Companies that use Valory
Customer profileNamed customers9 records
Segments4 records
Ideal customer profiles4 records
Valory technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration14 records
AI capability9 records
Feature6 records
Valory partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered minor and core.
- CoinDeskminorEllie Hirschhorn (Valory's new Chief Growth Officer) joined Valory from CoinDesk where she served as COO & President of Media. Her background in scaling media-driven platforms at the intersection of crypto and AI supports Valory's growth strategy.
- Celo, Spectral Labs, Spartan Labs, Trendmoon, Bio Protocol, Offchain Labs (Accelerator Cohort)coreOver 40+ applications joined the Olas Accelerator to build agents for Pearl. Notable teams include Celo, Spectral Labs, Spartan Labs, Trendmoon, Bio Protocol, and Offchain Labs on Arbitrum. These builders are developing AI agents for Pearl's consumer marketplace, contributing to the Olas ecosystem's agent catalog.
- NapthacoreCollaboration between Valory and Naptha to create the Olas Predict Leaderboard on HuggingFace — a dynamic dashboard evaluating AI prediction tools. Naptha is a platform for deploying and operating AI workflows and multi-agent systems across a network of nodes. The collaboration showcases AI prediction tools achieving up to 75% accuracy in predicting real-world events.
- NeverminedcoreValory and Nevermined integrated Nevermined's decentralized AI commerce solutions into Mechs, the permissionless marketplace for AI skills. Nevermined's Smart Subscriptions provide dynamic, variable pricing for AI tools, enabling Mechs to adapt to the true cost and complexity of each agent's request. Valory reportedly reduced deployment time from 6 weeks to 6 hours using Nevermined's payment infrastructure. Nevermined CEO Don Gossen described the variable pricing model as a 'game changer' for the Olas ecosystem.
- Cantina / SpearbitminorValory sponsored a Cantina (incubated by Spearbit) audit competition with a $50,000 prize pool focused on Solana components of the Olas stack. Cantina provides third-party security auditing for blockchain and crypto protocols.
- Code4renaminorValory sponsored a Code4rena audit contest with a $90,000 prize pool for auditing Olas governance, registries & tokenomics contracts. Code4rena is a leading smart contract security auditing platform.
- MessariminorMessari recognized Olas as core infrastructure for onboarding AI Agents to crypto, providing industry analyst validation of the Olas/Valory ecosystem.
- SafecoreSafe co-founder Lukas Schor recognized Olas AI agents' traction. Safe (formerly Gnosis Safe) multi-signature wallet infrastructure is used for Olas agent service operations. Valory's Pearl is fully self-custodial including Safe wallets.
- GnosiscoreValory and Gnosis co-launched the Agent Predictions Hackathon enabling developers to learn and win prizes at the intersection of crypto and AI. Gnosis co-founders Martin Köppelmann recognized Olas AI agents' traction. Olas Predict operates on Gnosis Chain's Omen platform. Gnosis Chain is a key supported blockchain for Olas services.
- ETHCC / ETHCC HackathonminorValory co-organized a decentralized AI Hackathon at ETHCC in Brussels, with collaborators Ceramic, NEAR Protocol, Gnosis Chain, Ocean Protocol, and StabilityAI.
- Ceramic NetworkminorValory received a successful grant from the Ceramic Network Grants Program for DAO coordination primitives. Ceramic is a decentralized data network that Valory utilized as part of its stack for cryptonative AI-enabled DAO operations.
Scale indicators14 records
Recent moves7 records
Expansion highlights6 records
Valory competitors and assessment
Company assessmentDirect peers
- Fetch.ai: Builds autonomous AI agents and a decentralized machine-learning network for Web3, including agent economies and tool-use frameworks. Highly comparable to Valory/Olas in product category (autonomous agents), target market (crypto-native builders and users), and business model (token-incentivized agent network).
- SingularityNET: Decentralized AI marketplace where developers publish and monetize AI services, agents, and models. Directly comparable to Valory's Mech Marketplace and Pearl agent store in marketplace model and decentralized-AI positioning.
- Bittensor: Decentralized network where AI models/agents are incentivized via token emissions and ranked by network validators. Comparable to Olas in operating a token-incentivized AI agent network with on-chain coordination and staking mechanisms.
Emerging players
- Ritual: Building decentralized AI infrastructure for hosting and running AI models on-chain. Overlaps with Valory's Olas Stack on the AI-on-blockchain infrastructure layer but focuses more on model serving than multi-agent coordination.
- Gensyn: Decentralized protocol for AI compute/training with token-incentivized node operators. Adjacent to Valory's Mech Marketplace compute side but focused on ML training rather than agent execution and commerce.
- Sahara AI: Decentralized AI platform for collaborative AI asset ownership and agent development. Comparable to Olas' co-owned AI thesis and Pearl's user-owned agent model with similar Web2/Web3 hybrid design goals.
- Morpheus Network: Decentralized AI compute network using token incentives for agent and model execution. Comparable infrastructure layer to Valory's agent-hosting components, focused on AI compute rather than agent commerce.
- ChainGPT: AI tools and agents purpose-built for crypto users (trading, NFT generation, smart-contract audit). Comparable to Pearl's agents for prediction markets and DeFi but focused on single-product AI utilities rather than an agent marketplace/platform.
Broad incumbents
- Ocean Protocol: Decentralized data marketplace with token incentives for data publishers and AI consumers. A broader incumbent in the decentralized-AI economy space; overlaps with Olas on synthetic-data generation from agent economies but is data-centric rather than agent-centric.
- Akash Network: Decentralized cloud-compute marketplace for general workloads including AI. Provides underlying compute infrastructure that agents on Valory's protocol could run on; broader incumbent rather than direct agent competitor.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks7 records
Key highlights7 records
Customer concentration
Valory social profiles
Digital presenceValory financial estimates
Financial estimateRevenue estimate
Valuation estimate
Valory leadership team
Management profileNumber of profiles
Profiles5 records
Valory funding detail
Funding detailFunding overview
Funding rounds1 record
Investors6 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Valory M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Valory
What does Valory do?
Valory builds open-source frameworks and protocol infrastructure for co-owned autonomous AI agents through the Olas ecosystem. Its flagship products are Pearl, a consumer-facing AI agent app store with self-custodial agents, and the Mech Marketplace, a decentralized marketplace for AI agent services. The company also develops Propel Genie, an AI agent-generating tool, and the underlying Olas Stack and Olas Protocol that power on-chain agent coordination, staking, and developer rewards.
Is Valory a public or private company?
Valory is a private company. It is classified as venture growth investor backed and is currently operating.
When was Valory founded?
Valory was founded in 2021. It employs 1 to 10 people.
Where is Valory based?
Valory is headquartered in Zug, Switzerland, in the Europe region.
How does Valory make money?
Four revenue lines are on record. Developer Rewards (Protocol) is the primary driver. The others are staking Rewards (Agent Operations), olas Accelerator Investment and mech Marketplace Transaction Fees.
Who are Valory's main competitors?
Direct peers on record are Fetch.ai, SingularityNET and Bittensor. Emerging players are Ritual, Gensyn, Sahara AI, Morpheus Network and ChainGPT. Broad incumbents are Ocean Protocol and Akash Network.
Does Valory have an API?
No public API is recorded for Valory.
What industry is Valory in?
Valory's product category is Autonomous AI Agent Infrastructure. Its primary akta.pro industry code is HDAAACAF, Agents & Autonomous Workflows (Tool Use, Planning, Multi-Agent), with a secondary code of HDAEANAJ, AI Application Enablement Platforms (Copilot/Agent Frameworks, SDKs). Its NAICS code is 5132 and its SIC code is 7372.