Teneo Secures $3M to Revolutionize Social Media Data Access

Advanced Blockchain AG (ABAG), a prominent player in the blockchain investment sphere, has announced that its portfolio company, Teneo, successfully closed a seed funding round. The round raised $3 million, with involvement from notable investors including Borderless Capital, Generative Ventures, and RockawayX. Other contributors included Outlier Ventures and Certik Ventures.

Teneo focuses on decentralized data infrastructure, transforming how real-time social media insights are accessed. By leveraging decentralized community nodes, Teneo bypasses traditional API restrictions and provides direct access to platforms like X and Reddit. This innovative approach is crucial for providing high-value data in today's information-driven market.

Since ABAG's initial investment, Teneo has achieved key milestones such as surpassing 4 million nodes and launching a Community Node Dashboard. The new funding will enhance Teneo's financial stability and support product development efforts.