Lightspeed Venture Partners has led a US$24 million Series A funding round for TollBit, a web content publishing platform founded by Olivia Joslin and Toshit Panigrahi.

A Lightspeed representative will join TollBit’s board as part of the deal.

In the digital landscape, AI’s role is growing and it is impacting traditional web revenue strategies that rely on advertisements.

This method, dependent on advertisers and content publishers, is facing challenges. AI provides users with immediate answers, reducing traffic and potential ad revenue for publishers.