Kite AI has announced a new investment from Coinbase Ventures, building on its recent $33 million Series A round led by PayPal Ventures and General Catalyst. This funding underscores the increasing momentum behind the autonomous agent economy and Kite's pivotal role in developing infrastructure for agent-to-agent payments and AI-driven commerce.

By natively integrating with Coinbase's x402 Agent Payment Standard, Kite positions itself as a key execution and settlement layer for the protocol. As one of the first Layer 1 blockchains to fully support x402-compatible payment primitives, Kite enables AI agents to seamlessly handle payments through standardized intent mandates, accelerating the protocol's adoption and unlocking the potential of agentic systems.

At the heart of Kite's innovation is addressing a major hurdle in the AI revolution: the need for human oversight in payments and verification. Kite's blockchain-native network provides secure digital identities, programmable spending limits, and instant, low-cost settlements with built-in stablecoin support. Key features include the Agent Passport for identity verification and rule enforcement, ensuring secure and compliant autonomous transactions; governance tools that allow agents to operate independently while maintaining accountability; and efficient payment settlements that enable new economic models for AI agents.

"Todays financial infrastructure breaks when AI tries to use it," said Chi Zhang, CEO and Co-Founder of Kite. "Our mission is to build the economic backbone for the trillions of autonomous agents coming online." Founded by veterans from Databricks, Uber, and UC Berkeley, Kite is pioneering the first blockchain for agentic payments. Coinbase Ventures, focused on advancing the crypto ecosystem, has invested in hundreds of teams across onchain technologies, partnering with founders to foster economic freedom.

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https://medium.com/@KiteAI/kite-announces-investment-from-coinbase-ventures-to-advance-agentic-payments-with-the-x402-protocol-cd9e3639329f