Hadean, an organization that makes use of computing to create virtual and metaverse worlds using it, closed its Series 1 funding round raising $30 million. Chinese entertainment company Tencent, and gaming giant Epic Games are two of the many companies who invested. Hadean intends to develop its metaverse-scaling software and infrastructure.
Hadean closes $30 million Series A funding round
Hadean is a U.K.-based computing firm that has raised $30 Million to increase its reach and expand its metaverse scaling abilities.
It closed the Series A round of funding, receiving support from large names in entertainment and gaming, such as Epic Games, the developers of Unreal graphics engines and Tencent, an Asian gaming-focused company. Funds will be used by the company to innovate its software suite and provide scaling services to metaverse worlds.
About the company’s vision, Hadean CEO Craig Beddis stated:
Today’s virtual worlds are a limited experience — small scale, siloed, and insecure. Hence why these are the technical challenges we’re tackling today. However, we think the real success and widespread adoption of the metaverse depends on how easy creators can create experiences that are scaleable.
Meta Gaming and Customers from the Past
Hadean has already provided its world-designing, scaling and consulting services to several clients. Mojang, developer of Minecraft, was partnered by Hadean to offer its Aether Engine for distributed computing. It allows the game to have better scaling results.
Hadean has partnered recently with Epic Games. Epic Games granted a grant for Hadean to enable it to incorporate some functionalities from its product in their Unreal Engine platform. British army awarded Hadean a contract in July to develop and scale a distributed simulator cloud for military training.
Hadean plans to rise in the ranks of top suppliers for metaverse scaling tools. The market for metaverse-related games is set to explode over the next decade. JPMorgan released a note earlier in the month estimating that China’s market might reach $100 billion.
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