Kite AI has raised $33 million in funding, with PayPal Ventures and General Catalyst leading the investment.

BlockBeats News, September 2nd, according to Fortune report, Kite AI announced the completion of a total of $33 million in financing, with the latest Series A financing amounting to $18 million, 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, Alchemy.

It is reported that Kite AI is building the "Agentic Internet" foundational transaction layer, providing a unified identity, payment, and governance infrastructure for autonomous agents. This round of financing will be used to accelerate Kite AI's advancement of the Agentic Internet and the integration with Shopify and PayPal has officially launched. Any PayPal or Shopify merchant can be discovered by AI shopping agents by simply accessing through the Kite Agent App Store. All transactions are settled on-chain, with full traceability, using stablecoins and programmable permissions execution.