Futureverse, a Los Angeles, CA-based AI, metaverse technology, and content company, closed $5.4 million in Series A funding.
The round was led by 10T Holdings, LLC, and included participation from Ripple.
The funds will be used to continue developing the company's comprehensive technology, including its Futureverse Platform featuring "Powered By Futureverse" tools and products, and The Root Network, a blockchain and suite of protocols with ready-made runtimes for building next-generation metaverse apps, games, and experiences.
The company's technology platform encompasses a suite of proprietary AI content generation tools, specifically designed to enhance music, objects, characters, and animations within the metaverse. By consolidating 11 metaverse infrastructure and content companies into a collaborative ecosystem, Futureverse provides the necessary components for constructing various metaverse applications.
In addition to its metaverse endeavors, Futureverse has launched the AI-powered consumer game "AI League".
"The metaverse has the potential to transform the way humans engage and collaborate with one another and improve our experiences across a number of different spheres, including gaming, payments, asset management, and more.In order to reach this potential, the metaverse requires open, scalable, and interoperable infrastructure," said Aaron McDonald and Shara Senderoff, Co-Founders of Futureverse."Futureverse combines next-level technological infrastructure and AI-driven content to create the open metaverse we all envision.With the help of our tremendous partners 10T and Ripple, we are excited to take the metaverse from an abstract idea to a tangible, accessible, and interactive destination."
Company: Futureverse Corporation Ltd.
Raised: $5.4M
Round: Series A
Funding Month: July 2023
Lead Investors: 10T Holdings, LLC
Additional Investors: Ripple
Company Website: https://www.futureverse.com/
Software Category: AI and Metaverse Technology and Content
About the Company: Futureverse is an AI and metaverse technologies that enables open, scalable, and interoperable apps, games, and experiences. Futureverse was founded by Aaron McDonald, Shara Senderoff, Marco Brondani, and Daniel Gillespie, with the vision to empower developers and users to create and engage with interoperable content and applications previously unavailable within the metaverse. In April, the company has a strategic partnership with blue-chip NFT collection Cool Cats, and in the last year, Futureverse has formed global strategic partnerships with renowned organizations including FIFA, Authentic Brands Group (ABG), Mastercard, Wimbledon, Death Row Records, Wētā Workshop, Snoop Dogg, Timbaland, Keanu Reeves and Alexandra Grant.
Source: https://www.prnewswire.com/news-releases/futureverse-raises-54-million-series-a-to-scale-metaverse-infrastructure-and-introduce-ai-to-the-metaverse-301879447.html