KiteAI Raises $33M for Agentic Internet

KiteAI is building an “Agentic Internet” — a Layer‑1 blockchain designed to give autonomous AI agents identity, governance and payments — and has raised $33 million in a Series A led by PayPal Ventures and General Catalyst to commercialize agentic services called Kite AIR. KiteAI says it will develop Kite AIR with partners including Shopify and PayPal to enable commercial agentic services and payments. The funding and product push underscores growing industry interest in decentralized architectures and autonomous agents as new marketplaces for AI services. This development arrives amid broader AI advances around longer context windows, safety improvements and hardware acceleration that are driving both innovation and governance debates.