The AI payment public chain Kite AI has received strategic investment from CEX Ventures, working together to promote the large-scale adoption of x402 intelligent agent payments.

On October 27, the AI payment public chain project Kite AI announced that it has received strategic investment from CEX Ventures. According to official information, this financing is an extension of Kite's recent $33 million financing led by PayPal Ventures and General Catalyst. The new funds will be used to support the development of its autonomous AI agent payment infrastructure and to collaborate with CEX to co-build and accelerate the large-scale adoption of the x402 protocol. It is reported that Kite has achieved the native integration of CEX's x402 agent payment standard since its design inception. As one of the earliest Layer 1 blockchains to fully implement x402 compatible payment primitives, Kite enables AI agents to initiate, receive, and reconcile payments directly through standardized intent authorization, establishing Kite's position as the native execution layer and settlement layer for the x402 protocol and the emerging agent economy.

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