We’re thrilled to announce our $18M Series A fundraise, bringing total cumulative funding to $33M to build trust infrastructure for the agentic web.
This round was led by PayPal Ventures and General Catalyst, with participation from 8VC, Samsung Next, SBI US Gateway Fund, Vertex Ventures US, Hashed, HashKey Capital, Dispersion Capital, Alumni Ventures, Avalanche Foundation, GSR Markets, LayerZero Labs, Animoca Brands, Essence Venture Capital, and Alchemy.
A special thank you to our phenomenal angel investors: Evan Cheng (Co-founder & CEO, Mysten Labs), Hao Min (VP, Circle), Edwin Aoki (SVP, Nasdaq; ex-PayPal CTO of Blockchain), Frank Chang (VP, Uber), Navin Gupta (CEO, Crystal Intelligence; ex-Ripple, Managing Director), Bohan Zhang (Member of Technical Staff, OpenAI), John Liu (Head of Product, AWS Cloud), Haiyan Huang (Professor, University of California, Berkeley), Grigore Roşu (Professor, University of Illinois Urbana-Champaign), Sriram Vishwanath (Professor, Georgia Institute of Technology), and more.
Our Vision: An Agent-First Internet For Every One
The explosive growth of AI agents is projected to unlock a $240B market within a decade. As these agents begin to operate autonomously across systems, they require a new kind of infrastructure – fundamentally different from the human-centric internet.
We envision the Agentic Internet: A new paradigm where autonomous agents become the primary interface for the digital economy. Kite is building the foundational infrastructure to power this era, where:
• Agents can autonomously discover, access, and pay for APIs, data, and services.
• Developers can build trustworthy agents with embedded governance and safeguards.
• Enterprises can leverage a new generation of scalable, secure, and economically viable AI infrastructure.
Our Mission: The Base Layer for the Agentic Internet
Kite is purpose-built for the agentic internet. Our base layer powers the entire agentic ecosystem with three foundational pillars:
• Cryptographic identity for AI models, agents, datasets and services
• Programmable governance over permissions and spending behaviors
• Native access to stablecoin payments with near-zero fees
We are proud to make the agentic internet accessible to everyone. Today, using publicly available APIs, any PayPal or Shopify merchant can opt in through the Kite Agent App Store and become discoverable to AI shopping agents. This is just the beginning. We are also actively building additional integrations across commerce, finance, and data platforms.
Let’s build the future of autonomous agents together!
Read our fundraise news exclusive by Fortune: https://lnkd.in/gi62MX8F
Read more on how you can join our mission: https://lnkd.in/gR_DtQ6n