ArenaX Labs, a Toronto, Canada-based technology company focused on teaching artificial intelligence (AI) through gaming, has raised $6 million in funding.
SaaS Investors
The round was led by Framework Ventures, with participation from SevenX Ventures, FunPlus / Xterio, and Moore Strategic Ventures.
Founded in 2019, Framework Ventures is a venture capital firm based in San Francisco, California. The firm seeks to invest in the decentralized blockchain technology sector.
ArenaX Labs Use of Funds
The company will use the funds to further develop AI Arena, a game where human players collect AI-powered characters and train them in fighting strategies.
About ArenaX Labs
Founded in 2021, ArenaX Labs is a company developing AI Arena, a player-versus-player game platform, an Ethereum native game where players all over the world can purchase, train and battle NFT characters powered by artificial intelligence. ArenaX Labs is on a mission to democratize AI through fun, competitive, and groundbreaking experiences.
Funding Details
Company: ArenaX Labs Inc.
Raised: $6.0M
Round: Unknown
Funding Month: January 2024
Lead Investors: Framework Ventures
Additional Investors: SevenX Ventures, FunPlus / Xterio, and Moore Strategic Ventures
Company Website: https://aiarena.io/
Software Category: AI Gaming
Source: https://www.prnewswire.com/news-releases/arenax-labs-raises-6-million-to-fund-ai-powered-games-in-round-led-by-framework-ventures-302028382.html