ChainCatcher reports that Gency AI, a blockchain and AI infrastructure company, has announced the completion of a $20 million funding round led by TikTok, with participation from HF0, XYZ, Streamlined Ventures, Hat-Trick Capital, Arksteam, MH Ventures, ViaBTC, and Basics Capital. The company is currently focused on the advertising market, introducing on-chain verifiable credentials and automated revenue distribution mechanisms. Leveraging smart contracts and privacy-preserving computation technologies, ad impressions, conversion outcomes, and revenue allocations can be independently verified and automatically settled. The new funds will be used to expand its decentralized advertising execution and settlement network, strengthen its privacy-preserving computation stack, and accelerate product deployment and ecosystem partnerships in North America, Asia, and Europe.
Blockchain and AI infrastructure firm Gency AI completes $20 million funding round led by TikTok.
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Summary
Gency AI, a blockchain and AI infrastructure company, has raised $20 million in funding led by TikTok, with participation from HF0, XYZ, and others. This funding announcement marks a pivotal step in its expansion. The company is developing a decentralized advertising network powered by on-chain verifiable credentials and automated revenue distribution through smart contracts. The AI and crypto news underscores its focus on privacy-preserving computing and ad verification. The funds will be used to expand its network, enhance its technology stack, and strengthen ecosystem collaboration across North America, Asia, and Europe.
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