Backed by Epic Games, Hadean has amassed $30 million to further develop its influential metaverse.
In Brief
- Hadean, a British startup that has garnered venture capital support, has just wrapped up a Series A funding initiative amounting to $30 million.
- These financial resources will contribute to constructing the underlying framework for the metaverse.
- The fundraising initiative was led by Molten Ventures, with other notable contributors such as Epic Games, Alumni Ventures, Aster Capital, Entrepreneur First, 2050 Capital, and InQTel.
Hadean, established in London in 2015, has... raised a $30 million Series A round This funding round, guided by Molten Ventures, aims to empower Hadean’s technology, which is essential for metaverse infrastructure and to create more affordable, high-performance applications tailored for virtual experiences. The investment will also enable Hadean to build a metaverse that is scalable, secure, and seamlessly connects users globally.
Other participants in the funding round included Alumni Ventures, Aster Capital, Entrepreneur First, 2050 Capital, InQTel, along with a gaming development company known for its investments in blockchain technologies. Epic Games .
Marc Petit, the vice president overseeing Epic’s Unreal Engine Ecosystem, commented that Hadean's technology enhances Epic's Unreal Engine by facilitating a larger number of concurrent users and offering new tools for creators and developers.
He expressed their enthusiasm in contributing to Hadean's expansion and anticipates further collaborations to shape the metaverse's foundation.
Petit said.
Hadean operates as an inclusive platform for distributed cloud computing, aiming to bridge the gap between physical and virtual realms and enhance real-life experiences. Craig Beddis, who is the CEO and co-founder, emphasized that the current state of the metaverse provides only limited interactions: they are typically small, insecure, and isolated environments. Hadean is focused on addressing these issues and tackling the technical obstacles faced by the metaverse.
He added, \"We firmly believe that the widespread success and acceptance of the metaverse hinge on how easily creators can design scalable experiences using open and robust technologies offered as metaverse-as-a-service. We are thrilled to collaborate with industry giants like Epic Games, who resonate with our vision and ambitions for this new reality.\"
Beddis said.
Hadean has already established critical components within the metaverse and has made partnerships with leading entertainment firms such as Sony, Pixelnyx, and Gamescoin. The newly raised funds will enable the company to equip creators with the necessary tools to construct, acquire, and enjoy experiences within the metaverse. Minecraft BREAKING 🚨 We’ve successfully secured $30 million to advance the development of essential tools that drive the metaverse and with new backing from recent investors like... this funding will significantly influence Hadean’s development.
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