Donut Labs raises $7 million to launch its first AI driven 'proxy based' encrypted browser

According to Cointelegraph, Donut Labs, headquartered in New York, announced the completion of a $7 million Pre Seed round of funding, led by Sequoia, Bitkraft, HackVC, and with participation from ecosystem leaders such as Solana. Donut aims to create the world's first "proxy based" encrypted browser, with built-in AI agents that can recognize webpage intentions and automatically execute on chain transactions such as currency exchange, mining, and asset optimization. This browser integrates wallet, DEX, and decentralized network access functions, and is planned to develop into a user's encrypted financial manager in the future.