London-based Hadean is on a mission to bridge the gap between the physical and virtual worlds, harnessing the power of the metaverse across markets. The deeptech team has just picked up €30 million to power the vision.
The era of the metaverse is now. This new virtual world is now an intrinsic part of most markets – whether it be gaming or education, building or travelling. As we enter into this era, though, the infrastructure behind it is getting increasingly scattered, giving creators various stumbling blocks to get over.
Aiming to power a scalable metaverse for all, deeptech startup Hadean has developed innovative metaverse infrastructure tech and is picking up attention across markets. The company has now closed its Series A and is moving fast.
Funding details
The €30 million Series A round was led by Molten Ventures. 2050 Capital, Alumni Ventures, Aster Capital, Entrepreneur First and InQTel all joined in on the action.
The Series A, along with an investment from Epic Games, will help Hadean build out the company’s scalable, interoperable and secure metaverse capabilities. As an open platform for distributed cloud computing, Hadean describes itself as the “infrastructure” that powers the metaverse so it can become a reality.
David Cummings, Venture Partner at Molten said: “Molten has been a part of Hadean’s journey since early 2019. Since then, we have seen the Hadean team deliver ambitious technical milestones, build an impressive customer base across a number of sectors and continue to attract dynamic talent. It is a pleasure to continue providing our support to Hadean as it grows yet further.”
Bridging the physical and virtual worlds
Founded in 2015, Hadean is reimagining distributed, spatial and scalable computing for web 3.0 and the metaverse. The distributed cloud platform enables scalability, security, and interoperability, driving the metaverse and digital immersive experiences for enterprise, commercial, gaming and government customers.
The Co-founder and CEO explained:
“Hadean’s mission is to bridge physical and virtual worlds – to help us make better decisions and ultimately improve the quality of our lives in the physical world. Today’s virtual worlds are a limited experience – small scale, siloed, and insecure. Hence why, these are the technical challenges we’re tackling today. But we believe the true success and mass adoption of the metaverse will rely on the ease by which creators will be able to build their own experiences at scale, leveraging open and robust metaverse-as-a-service technologies.”
The startup already has a strong presence in the space, having developed vital metaverse components and signed multi-year agreements in entertainment (Minecraft, Pixelynx, Sony and Gamescoin), as well as with education and enterprise digital twin providers
This fresh wave of funding will accelerate Hadean’s ability to give creators the tools in new and emerging metaverse markets to change every aspect of how we work, build, buy and consume.
Marc Petit, VP, of Epic’s Unreal Engine Ecosystem: “Hadean’s computing power will provide the infrastructure that’s needed as we work to create a scalable metaverse. The company’s technology complements Epic’s Unreal Engine by enabling massive amounts of concurrent users and unlocking new tools for creators and developers. We are pleased to contribute to Hadean’s growth and look forward to continuing to work together to lay the foundation for the metaverse.”
via https://www.AiUpNow.com
September 23, 2022 at 05:37AM by contact@bcurdy.com (Patricia Allen), Khareem Sudlow
