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9h ago

Kite Raises $18 Million From PayPal Ventures, General Catalyst to Power Agentic Web

The funding backs Kite's rollout of verifiable agent identity alongside on‑chain stablecoin payments for autonomous AI.

Kite cofouders Scott Shi (left) and Chi Zhang.
Kite raises $18m to bridge stablecoin payments and autonomous agents
AI agents, search engines, web browsers

Overview

  • The Series A lifts Kite’s disclosed funding to $33 million following an earlier seed round.
  • Kite introduced Kite AIR, a system that provides autonomous agents with verifiable identities, policy guardrails and programmable payment rails.
  • AIR includes Agent Passport for identity and controls, plus an Agent App Store where agents discover and pay for APIs, data and commerce tools.
  • Initial integrations target Shopify and PayPal so merchants can be found by AI shopping agents, with purchases settled on‑chain in stablecoins to reduce fees and support microtransactions.
  • CEO Chi Zhang did not disclose the company’s valuation or whether token warrants were included, while other investors include 8VC, Samsung Next and Alumni Ventures.