Donut Labs has successfully closed a $7 million seed funding round, spearheaded by HackVC, Sequoia Capital, and Bitkraft. The round also saw participation from Matrix Partners, Sky9 Ventures, Makers Fund, and SonicSVM. The capital will be allocated towards advancing Donut, an AI-driven executable encryption browser. This innovative platform will feature native cryptocurrency wallets, decentralized exchange integrations, and on-chain execution capabilities, enhancing decentralized network access.