What to know:

• Kite raised $18 million in Series A, bringing its total funding to $33 million.
• The company’s primary product, Kite AIR, allows AI agents to authenticate, pay, and interact using stablecoins.
• Kite focuses on micro-subscriptions, agent-to-agent billing, and machine-speed commerce.

Kite, originally named Zettablock, aims to build infrastructure for its concept of the “agentic web”, where AI agents will manage microtransactions and negotiate services. The newly developed Kite AIR (Agent Identity Resolution) will grant agents verifiable identities and programmable payment solutions.

The funds from this funding round will facilitate tools that allow agents to operate at machine speed. Through collaborations with platforms like Shopify and PayPal, any merchant can be accessible to AI shopping agents. Using stablecoins to settle transactions will alleviate high costs usually associated with traditional payment methods.

Kite’s ambition includes positioning itself as the default stablecoin payment system for autonomous agents, enabling minute-level transactions and effortless billing practices.