Kite completes $18 million Series A funding, led by PayPal and General Catalyst

Odaily Planet Daily News: Artificial intelligence blockchain startup Kite announced a $18 million Series A funding round led by PayPal and General Catalyst, with 8 VC, Samsung Next, SBI US Gateway Fund, Vertex Ventures, Hashed, HashKey Capital, Dispersion Capital, Alumni Ventures, Avalanche Foundation, GSR Markets, LayerZero, Animoca Brands, Essence VC, Alchemy participating. It is reported that Kite AI is building the basic transaction layer of the "Agentic Internet" to provide autonomous agents with a unified identity, payment and governance infrastructure. This round of financing will be used to accelerate Kite AI to promote the construction of the Internet of Intelligence, and the integration with Shopify and PayPal has been officially launched. Any PayPal or Shopify merchant can be discovered by AI shopping intelligence by simply accessing through the Kite Agent App Store. All transactions are settled on the chain, with full traceability, and are executed using stablecoins and programmable permissions.