Indian Startup KGeN Raises $13.5M to Expand Verified User Protocol
KGeN Raises $13.5M for AI, Gaming Verification Protocol
Indian startup's VeriFi platform addresses trust and fraud issues across digital ecosystems with biometric verification and reputation tracking
Highlights
- Indian startup KGeN raised $13.5 million led by Jump Crypto, with participation from Accel and Prosus Ventures, bringing total funding to $43.5 million at a $500 million valuation.
- The company's VeriFi protocol provides verification infrastructure for AI, DeFi, and gaming platforms, processing over 876 million data points across 60+ countries to combat fraud and authenticate real users.
- Since 2023, KGeN has scaled to 95 employees, reported $48.3 million in revenue, and became the most active application on the Aptos blockchain by transaction volume.
KGeN, an Indian technology startup building verification infrastructure for artificial intelligence, decentralized finance and gaming applications, has secured $13.5 million in a strategic funding round led by Jump Crypto.
Accel and Prosus Ventures also participated in the round, which brings the company's total capital raised to $43.5 million. KGeN was previously valued at $500 million in earlier funding.
The startup plans to use the fresh capital to expand its verification and reputation framework, which aims to address trust issues in digital platforms by authenticating users and converting reputation into a quantifiable asset. The technology is designed to help businesses engage with genuine audiences while reducing fraud and automated bot activity.
Building Verified Distribution Infrastructure for Web3 and AI Applications
At the core of KGeN's offering is VeriFi, a verified distribution protocol that connects authenticated users with businesses in the AI, DeFi and gaming sectors. The company's K-Store product provides decentralized storefronts equipped with AI-powered campaign tools, enabling startups to analyze user-generated data while deploying loyalty programs and targeted promotions.
The protocol currently operates in more than 60 countries and processes over 876 million data points, including biometric verification, blockchain-based loyalty mechanisms and decentralized marketplace activity through its POGE ecosystem.
KGeN has scaled to 95 employees since its 2023 founding and reported revenue of $48.3 million. The company has become the most active application on the Aptos blockchain by transaction volume, indicating strong user adoption.
"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 company is preparing to launch a token economy that includes an airdrop campaign allowing users to convert accumulated points into KGeN tokens on a one-to-one basis. By combining identity verification, reputation tracking and commerce capabilities, KGeN aims to establish itself as foundational infrastructure for AI applications, decentralized finance platforms and gaming ecosystems.
Author
Probaho Santra is a content writer at Outlook India with a master’s degree in journalism. Outside work, he enjoys photography, exploring new tech trends, and staying connected with the esports world.
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