KITEAI Raises $18M to Fuel the Agentic Internet Vision
KITEAI, a startup focused on blockchain solutions for AI, has secured $18 million in Series A funding, spearheaded by PayPal Ventures and General Catalyst. This investment aims to accelerate the development of its platform, which is designed to provide critical infrastructure for the emerging “Agentic Internet.” This funding round, which included participation from 8VC, Samsung Next, and Alumni Ventures, brings KITEAI’s total funding to $33 million, factoring in a previously unannounced seed round. While the company remained tight-lipped about its valuation and the specifics of the deal structure (equity, token warrants, or a combination), the focus remains firmly on building the future of AI interaction.
# Powering the Next Generation of AI Agents
The successful funding round underscores the growing interest and investment in the intersection of AI and blockchain technology. By providing the necessary tools for secure identity, governance, and payments, KITEAI is paving the way for a future where AI agents can operate seamlessly and securely within a decentralized ecosystem, potentially unlocking new levels of automation and efficiency across various industries.
Keywords
Related Keywords: KITEAI, Agentic Internet, AI Agents, Funding, 18M Investment, Artificial Intelligence, AI Startup, AI Development, Generative AI, Autonomous Agents
