KGeN has successfully raised $13.5 million in a strategic funding round led by Jump Crypto, Accel, and Prosus Ventures, increasing its total funding to $43.5 million. The company operates a Verified Distribution Network (VDP) that supports AI, DeFi, gaming, and consumer applications. The new capital will be used to enhance its global commerce and loyalty infrastructure, which is already operational in over 60 countries.
KGeN's POGE framework has aggregated 876 million data points, supporting a network of 38.9 million users and generating an annualized revenue of $48.3 million. This funding will further accelerate KGeN's expansion efforts and strengthen its position in the rapidly growing sectors of AI and decentralized finance.
KGeN Secures $43.5M to Boost AI, DeFi, and Gaming Infrastructure
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.