Congrats to @GoKiteAI for the $18M raise from @PayPal Ventures.
The majority of onchain activity will come from AI agents in the very near future.
The volume will blow out the numbers we see today and will underscore the importance of fast, cheap, scalable infra.
Kite AI is already live with integrations for Shopify and PayPal merchants, enabling AI shopping agents to discover and complete purchases with stablecoin settlement.
Verifiable offchain compute is the perfect primitive to enhance the communication, tool calling, and payment layer of agential infrastructure with trust and verifiability without compromising on speed and performance.
Powered in part by @eigenlayer x @ethereum.
1/ We’re thrilled to announce our $18M Series A fundraise led by @PayPal Ventures and @generalcatalyst, bringing total cumulative funding to $33 million.
This funding fuels our mission to build the foundational infrastructure for the agentic internet – providing unified identity, governance and native access to stablecoin payments that enable agents to authenticate, transact, and coordinate securely without intermediaries.
We are incredibly grateful to our investors who support our mission: @PayPal Ventures, @generalcatalyst, @8VC, @SamsungNext, SBI US Gateway Fund, @vertexventures, @hashed_official, @HashKey_Capital, @DispersionVC, @AlumniVentures, @AvalancheFDN, @GSR_io, @LayerZero_Core, @animocabrands, @EssenceVenture, and @Alchemy.
A special thank you to our phenomenal angel investors: @EvanWeb3 (Co-founder and CEO, MystenLabs), Hao Min (VP, Circle), @edwinaoki (SVP, Nasdaq; ex- PayPal CTO of blockchain), Frank Chang (VP, Uber), @navinblockchain (CEO, Crystal Intelligence; ex-Ripple Managing Director), @BohanZhangOT (Member of Technical Staff, OpenAI), John Liu (Head of Product, AWS), @RosuGrigore (Professor, UIUC), Haiyan Huang (Professor, UC Berkeley), Sriram Vishwanath (Professor, Georgia Tech) and more.
Join us in building the future of the agentic internet.
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