Kite AI completed its Series A financing total of $33 million, led by PayPal Ventures and General Catalyst

According to ChainCatcher, according to Fortune magazine, Kite AI announced the completion of a Series A financing of US$18 million, with the current total financing amount of US$33 million. It is reported that this round of financing was led by PayPal Ventures and General Catalyst, with 8VC, Samsung Next, SBI US Gateway Fund, Vertex Ventures, Hashed, HashKey Capital, Dispersion Capital, Alumni Ventures, Avalanche Foundation, GSR Markets, LayerZero, Animoca Brands, Essence VC, and Alchemy participating. 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.