PayPal Ventures-backed startup Kite raises $18M series A to build the ‘agentic internet
04 Sept 2025 · 08:19 UTC · Crypto.News RSS Feed · Original source
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Summary
Kite, an AI-blockchain startup backed by PayPal Ventures and General Catalyst, has raised $18 million in Series A funding to build infrastructure for 'agentic internet.'
Why it matters
The announcement of the Series A funding for Kite suggests growing institutional interest in projects that integrate AI with blockchain technology. This could create a ripple effect, positively influencing market sentiment as investors may seek exposure to related assets. The expected impact probability increases over time as more news and updates from Kite materialize, potentially boosting market confidence.
Expected impact
The news regarding Kite's funding may lead to a moderately bullish sentiment in the market, especially for altcoins, as startups focused on integrating AI and blockchain could attract investors' interests. Bitcoin may also experience a positive response, given that the developments in blockchain technologies are often linked with the larger ecosystem.