AI startup Kite, formerly known as Zettablock, has raised $18 million in a Series A funding round. The funds will be directed towards developing technological infrastructure for autonomous AI agents.
Support from Major Venture Investors
Kite raised $18 million in a Series A funding round co-led by PayPal Ventures and General Catalyst. This investment brings the company's total funding to $33 million. Other notable participants included 8VC, Samsung Next, and more.
Vision for Creating Agentic Internet
Kite plans to develop a blockchain protocol that will enable various AI applications to interact and transact securely. CEO Chi Zhang stated that in the future, autonomous AI agents will handle complex tasks, including e-commerce, without direct human involvement.CITE_W_A: "The normal way for us to do shopping at the moment is we go to the Amazon website or Shopify store. But in the future, it’s all going to be automated".
Security and Trust Issues for AI Agents
Kite aims to develop a trusted interface for AI agents, ensuring secure verification of identities and transaction execution. PayPal Ventures partner Alan Du emphasized that the development of AI agents is still in the early stages, with more infrastructure development needed.
The involvement of major investors like PayPal and General Catalyst highlights the growing interest in blockchain as a critical trust layer for AI agents and the entire ecosystem.
