The United Kingdom-based startup Hadean raised $30 million in Series A funding led by Molten Ventures and joined by 2050 Capital, Alumni Ventures, Aster Capital, Entrepreneur First, and InQTel. The London startup will use this new fund to further improve its metaverse infrastructure technology. Epic Games also invested in the company to help Hadean power the metaverse.
Related: Inworld AI raised $50M in Series A to create AI-driven characters for metaverse
The UK startup has developed metaverse components for entertainment and video game giants such as Minecraft, Pixelynx, Sony, and Gamescoin in the near past, and has multi-year deals with many companies in the metaverse space. Their expertise isn’t limited in these areas, though, as the company is also active in education and enterprise digital twin providers.
Craig Beddis, Hadean’s Co-Founder and CEO says Hadean’s mission is to bridge the physical and virtual worlds. Beddis adds that Hadean helps “people make better decisions and ultimately improve the quality of lives in the physical world” as well. Beddis also said;
“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. We’re delighted to work with industry leaders like Epic Games, who share our ethos and ambition for this 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.”
Marc Petit, VP, of Epic’s Unreal Engine Ecosystem also commented:
“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.”
Hadean is also active in the Web3 space. The distributed cloud platform enables and aids growth in many areas such as gaming, metaverse, scalability, security, interoperability, and many others.
