Kite AI raised $18 million in a Series A round led by PayPal Ventures, bringing its total funding to $33 million to build decentralized infrastructure for AI agents in web3. Decentralized AI infrastructure provider Kite AI raised $18 million in its Series A funding round led by PayPal Ventures, bringing total cumulative funding to $33 million. According to an announcement shared with Cointelegraph on Tuesday, other investors in the company include 8VC, Samsung Next, SBI US Gateway Fund, Vertex Ventures, Hashed, HashKey Capital, Avalanche Foundation, LayerZero, Animoca Brands and more. In February, Kite launched the testnet of its AI-centric layer-1 blockchain, based on Avalanche (AVAX), aiming to enhance scalability and data processing while providing centralized coordination for artificial intelligence (AI) workflows. Kite aims to leverage distributed infrastructure to power agentic AI infrastructure, envisioning AI agents as a new user category in the Web3 ecosystem. AI agents are autonomous software progra...
Romania’s industrial producer price index (PPI) grew by 2.7% in July 2025 compared to July 2024, data from the country's statistical office INS showed on Tuesday (September 2).
Ethereum-focused firm The Ether Machine secured $654 million in private financing from Jeffrey Berns, aiming to go public with over 495,000 ETH on its books. Crypto company The Ether Machine secured $654 million in a private financing round, collecting 150,000 Ether from prominent Ethereum advocate Jeffrey Berns. The funds will be transferred to the company’s wallet later this week, according to a Tuesday report by Reuters. Berns, known for his early investments in Ethereum infrastructure and Web3 initiatives, will join the board of directors. The raise is part of the company’s broader strategy to build a substantial Ether (ETH) treasury ahead of its anticipated Nasdaq debut later this year. Read more
New car registrations in Romania decreased by 10% to 95,843 units in January-August 2025 compared with the year-ago period, data from Romanian carmakers’ association ACAROM show on Tuesday (September 2).