Morrison Foerster advised TollBit, a two-sided marketplace for AI companies and publishers, on its $24M Series A fundraising round led by Lightspeed. TollBit allows AI agents and applications to pay websites directly to use their content or data. TollBit empowers publishers and content owners to monitor AI bot traffic and put up a tollbooth to monetize usage. The platform makes it easy for publishers to onboard multiple AI and LLM partners in real-time.
The MoFo team was led by New York partner William Wilson, with assistance from associates Max Rich, Matt Kwon, and Annie Tao.
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