Kite secures 18 million USD in funding led by PayPal and General Catalyst

On September 2nd, AI blockchain startup Kite reported completing an 18 million USD funding round. This round, led by PayPal Ventures and General Catalyst, included participation from 8VC and Samsung Next.

With a total funding of 33 million USD, Kite seeks to establish blockchain solutions enabling identity authentication and trust mechanisms for AI agents, enhancing their role in automated online shopping and similar applications.

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