KGeN Reaches $85.8 Million ARR, Accelerates VeriFi Infrastructure Expansion

KGeN said on April 22 that its human-based authentication protocol VeriFi had reached $85.8 million in annual recurring revenue.

The company disclosed the figure in its March 2026 operating update, outlining progress in expanding a verification-based identity network. The update focused on growth driven by verifiable identity data and real revenue, rather than user growth alone.

VeriFi is a Proof of Human protocol built to verify user identity and reputation in digital environments. KGeN is applying the infrastructure across areas including artificial intelligence, commerce and decentralized finance.

As of March, the VeriFi network had processed 2.6 billion POGE identity-attribute data points. KGeN said the data helped advance its identity and reputation graph while strengthening systems designed to curb abnormal traffic such as bots and fake accounts.

During the same period, the network's "network strength" metric reached 61.9 million, indicating accumulating network effects as its base of verified users expanded.

According to KGeN's first-quarter VeriFi Pulse, 3.7 million new verified users joined the network and average daily transaction volume reached $6.5 million. The network also added 22 partners during the period.

KGeN said it operates more than 30,000 community clusters based on a decentralized data structure, supporting companies' use of user behavior data and attribute information.

The company is also conducting identity verification across multichain environments including BNB Chain and Aptos, using a structure designed to reduce bot activity and abnormal accounts. The data is also being used in AI training and model evaluation.

A KGeN official said the network strength figure of 61.9 million reflects the expansion of a network built on verified identities, rather than a simple user count. The company is continuing to expand its ecosystem based on a user-centric data structure.

KGeN is targeting $100 million in annual recurring revenue by the end of 2026 and plans to broaden the use of identity data across its user base.