Pheasant Network
Category: AI in Fintech
An AI-powered optimistic interoperability protocol that enables seamless, cost-effective cross-chain bridging and swaps between Layer 1 and Layer 2 networks. Pheasant Network was founded in 2022. The company is led by Tomo Tagami. Based in Singapore, Singapore. Team size: 2-10. Total funding raised: $2.0M+. Latest round: Seed Round ($2.0M, Dec 2025). Key investors include Mint, 90s, Ethereum Foundation (Grant), Optimism Foundation (Grant), Polygon Labs (Grant).
- Founded
- 2022
- Headquarters
- Singapore, Singapore
- Team size
- 2-10
- Total funding
- $2.0M+
Value proposition
Combines the high security and low cost of optimistic verification with AI agents that automate complex cross-chain routing and yield strategies.
Products and solutions
Pheasant Bridge (Optimistic L2 Bridge), Pheasant Swap, Pheasant BaaS (Bridge-as-a-Service SDK/Widget), AIntent (AI-powered Intent Mechanism), Pheasant Points System
Unique value
Pioneered the 'Optimistic Bridge' architecture inspired by rollups and is currently integrating 'AIntent' to merge AI agents with cross-chain intent execution.
Target customer
DeFi users, dApp developers (B2B), and Layer 2 ecosystems
Industries served
Decentralized Finance (DeFi), Blockchain Infrastructure, Artificial Intelligence (DeFAI), Interoperability
Technology advantage
Achieves 99% cheaper gas fees compared to native bridges while maintaining trustless security via fraud proofs; AI integration provides a competitive edge in user experience automation.
How they differentiate
Combines optimistic verification (security) with AI agents (DeFAI) to automate complex cross-chain intents and yield optimization, unlike standard liquidity networks.
Main competitors
Hop Protocol, Across Protocol, Connext
Key partnerships
Ethereum Foundation (Grant Provider), Optimism Foundation, Polygon Labs, Mint (Lead Investor), Linea (Ecosystem Partner)
Notable customers
Linea (Ecosystem Partner/DeFi Voyage), Layer 2 Ecosystems (Base, Scroll, zkSync)
Major milestones
Selected for Ethereum Foundation Grant, Surpassed $200M in total transaction volume, Raised $2M Seed Round led by Mint in Dec 2025, Launched 'DeFAI' strategic pivot to integrate AI agents
Growth metrics
Processed over $200M in cross-chain volume; Supports 30+ Layer 2 networks; 99% cheaper gas fees than native bridges.
Market positioning
AI-powered Interoperability Layer (DeFAI) for Layer 2s
Geographic focus
Global (Strong ties to Asia/Japan via investors Mint & 90s)
Patents and IP
No registered patents disclosed as of latest update
About Tomo Tagami
Founder & CEO at PG Labs; CEO at Techtec; Ethereum Foundation Grant Recipient; Serial Entrepreneur in Blockchain/EdTech.
Official website: https://pheasant.network/