TollBit provides a platform that lets AI agents and applications pay websites directly to use their content, using tokens to authorize, log, and validate each use. The product gives publishers tools to monitor AI bot traffic, set up a tollbooth, and monetize per-use licensing in real time. The company has onboarded over 200 publisher sites and announced partnerships with publishers including Penske Media Corporation, TIME, Mumsnet, Trusted Media Brands, CANDR Media Group, and ADWEEK. Founders Olivia Joslin and Toshit Panigrahi, alumni of Toast, say the platform supports multiple 1:1 deals between publishers and AI companies to avoid protracted negotiations. TollBit positions its infrastructure and payment protocol as a way to reduce legal uncertainty around scraping and create a standard for content licensing for AI applications. Financially, TollBit recently completed new financing activity that the company says will help it scale publisher onboarding and support AI partners. TollBit provides a platform that lets AI bots and data scrapers compensate websites directly for licensed content. Its system issues and validates tokens to ensure each scrape is authorized and logged. The technology enables websites to monetize data and content, monitor bot traffic, and onboard AI and LLM partners. TollBit is currently onboarding publishers to the platform. The company plans to use the new funding to expand its technology team. TollBit was founded by Olivia Joslin and Toshit Panigrahi and is based in New York City.

Total raised

$31M

Funding rounds

2

Latest round

Series A

Latest activity

Oct 2024