Sui Group Holdings Limited shares rise 4.42% after-hours following Kite's $18M Series A funding round.

Sui Group Holdings Limited rose 4.42% in after-hours trading, following the announcement that Kite, a company building the foundational trust infrastructure for the agentic web, has raised $18 million in Series A funding. The round was led by PayPal Ventures and General Catalyst, with other notable investors including 8VC, Samsung Next, and Vertex Ventures. This funding round brings Kite's total cumulative funding to $33 million, which is likely to have a positive impact on Sui Group Holdings Limited's stock price.