KGen, the company behind one of the leading verification protocols for AI, DeFi, and gaming, has closed another $13.5M strategic round. The funding was led by Jump Crypto and brought the startup’s total funding to $43.5M.
KGeN, one of the leading verification services for AI, DeFi, and gaming, closed a strategic funding round for $13.5M.
The round was organized with the participation of Jump Crypto, Accel, and Prosus Ventures, bringing the startup’s funding to $43.5M. During its previous raises, KGeN achieved a $500M valuation.
KGeN becomes the leading verified user tool for the Global South
KGeN accelerated its fundraising activity since 2023, as part of its scaling efforts. The company also built a commercial stack and loyalty infrastructure accessible to over 60 countries. KGeN verifies real users with data on engagement, commerce, and reputation.
‘KGeN solves the hardest problem in consumer growth: trust. By verifying real users and turning reputation into an asset, we’re giving AI, DeFi, gaming companies and consumer apps a distribution rail that converts and scales,’ said Manish Agarwal, elder council at KGeN.
The end result is a verified community, allowing for bot-resistant distribution. Users also get rewarded for their time, skill, and networking. The KGeN team expanded to 95 experts, bringing revenues to $48.3M.
KGeN offers a large verified user base for AI analysis
The company’s main service is a privacy-oriented identity and reputation framework, tracking more than 876M data points from real engagement and commerce signals. The POGE ecosystem mixes biometric verification, on-chain loyalty, rewards, and a decentralized marketplace.
The toolset gained adoption at a time when Web3 activity was surging. Verified user acquisition is now available to third-party projects, who can skip the verification stage and gain access to genuine engagement. The app is already a leader in the Aptos on-chain ecosystem, bringing the new category of VeriFi, or targeted, user-verified growth for DeFi.
K-Store gives access to decentralized storefronts with targeted campaign tools. With those tools, startups can deploy AI to analyze the human-generated signals.
The toolset is available for gaming, Web2 brands, as well as general loyalty systems.
‘KGeN has changed distribution into an accountable system of record from what was once a spend line,’ said Saurabh Sharma, Chief Investment Officer at Jump Crypto.
‘The combination of verified users, on-chain proofs, and real revenue traction sets the protocol to power the new influx of AI and DeFi applications.’
The ecosystem already identifies value-producing users, saving multiple steps for other startups and e-commerce companies.
The KGeN protocol is still tokenless, preferring the backing of VC funds. Currently, the protocol is running its airdrop campaign, with point production to be swapped 1:1 into the upcoming KGeN token.
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Source: https://www.cryptopolitan.com/kgen-taps-jump-crypto-for-latest-funding-round-brings-total-to-43-5m/
