AI blockchain startup Kite has successfully raised $18 million in a Series A funding round, with PayPal Ventures and General Catalyst leading the investment. Additional participation came from 8VC and Samsung Next. This latest funding brings Kite's total capital raised to $33 million. The company plans to utilize blockchain technology to enhance communication between AI applications, focusing on identity authentication and trust mechanisms. Kite aims to apply these innovations in areas such as automated online shopping.