TechFlow news, September 2: According to Fortune magazine, Kite AI announced it has raised a total of $33 million in funding, including $18 million in its latest Series A round led by PayPal Ventures and General Catalyst, with participation from 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.
Reportedly, Kite AI is building the foundational transaction layer for the "Agentic Internet," providing unified identity, payment, and governance infrastructure for autonomous agents. The new funds will accelerate Kite AI's development of the Agentic Internet. Its integrations with Shopify and PayPal have officially launched—any PayPal or Shopify merchant can now be discovered by AI shopping agents simply by connecting through the Kite Agent App Store. All transactions are settled on-chain with full traceability, using stablecoins and programmable permissions.
