AI and blockchain infrastructure company Gency AI completes $20 million financing round, with participation from TikTok and others.

Techub News reports that AI and blockchain infrastructure company Gency AI has completed a new round of financing totaling $20 million. Investors include TikTok, HF0, XYZ, Streamlined Ventures, Hat-Trick Capital, Arksteam, MH Ventures, ViaBTC, and Basics Capital. The company will use the funds to expand its decentralized advertising execution and settlement network, strengthen its privacy computing technology stack, and accelerate product deployment and ecosystem partnerships in North America, Asia, and Europe. Gency AI utilizes on-chain verifiable credentials and smart contracts to achieve automated settlement and transparency for ad impressions, conversion results, and revenue distribution, focusing on addressing issues such as long advertising settlement cycles and opaque attribution and data ownership.