Additional funding will be used to power the company’s cloud-based solutions for virtual environments.
Hadean gets additional funding for its metaverse infrastructure tech
London-based Web3 company Hadean has raised another $5 million to develop its Metaverse infrastructure solution. The funding is in addition to the company’s Series A round, which he raised last September for $30 million.
Ericsson Ventures, Metrea Discovery, VU Venture Partners, Sanctor Capital and Tirta Ventures contributed to the latest round. Commenting on the investment, Paul McNamara, Corporate VP of Development at Ericsson Ventures said:
“The Metaverse is one of the most important 5G use cases. Hadean provides scalable and proven infrastructure that will power the future of the Metaverse. Together with 5G, Hadean will unlock limitless possibilities within the Metaverse. Ericsson Ventures is excited to support Hadean in its journey to further facilitate immersive experiences for both businesses and consumers.”
Hadean’s technology has been applied to large-scale applications such as the 2020 EVE Online Aether Wars space battle event in partnership with CCP Games. Also, Minecraft, Pixelynx, Sony, Gamescoin, and educational and enterprise digital twins he has multi-year deals with providers.
“We are thrilled to have the support of such a diverse and experienced group of investors. This additional funding will allow us to continue the significant progress we have made behind our Series A and advance our cloud-based solutions. Metaverse,” said Hadean CEO Craig Beddis.
“Our aim is to bridge the physical and virtual worlds to improve decision-making, support the economy of creators, and ultimately improve the quality of life in the real world. We believe that success and adoption will depend on the ability of creators to build unique experiences at scale using open and robust Metaverse technology as a service.”
Founded in 2015, Hadean aims to empower the creator economy by providing the infrastructure and computing power needed to unlock the full potential of the metaverse. According to the company, his Web3 technology will enable brands and businesses to create, run and monetize secure and scalable virtual environments.
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