Hadean, a company that uses computing to scale virtual and metaverse worlds, has successfully closed its Series A funding round, raising $30 million. Among the companies that invested were gaming giant Epic Games and Chinese entertainment giant Tencent.Hadean aims to continue developing its metaverse scaling infrastructure and software.
Hadean Closes $30M Series A Funding Round
Hadean, a UK-based computing company, has raised 30 million to expand its current reach and grow its metaverse scaling capabilities.
The company closed its Series A funding round with backing from big names in the gaming and entertainment business, including Epic Games, developer of the Unreal series of graphics engines, and Tencent, a Chinese game-centric company. Founded in 2015, the company plans to use the funds to continue innovating its software suite to provide scaling services in the Metaverse world.
Describing the company’s vision, Hadean CEO Craig Beddis said,:
Today’s virtual worlds offer limited experiences: small, siloed, and unsafe. Hence, it is these technological challenges that we are addressing today. However, we believe that the true success and mass adoption of the metaverse will depend on the ease with which creators can build their own experiences at scale.
Previous Customers and Metaverse Gaming
Hadean already offers world design and scaling services to several customers. The company partnered with Mojang, developer of the popular game Minecraft,to provide its Aether Engine for distributed computing solutions, enabling them to improve scaling results for their games.
More recently, Hadean partnered with Epic Games, which awarded the company a grant to adopt some of its product features into its Unreal Engine platformIn July, Hadean received a grant from the British Army to build and extend a cloud distributed contract to build and extend a cloud-distributed simulator for military training.
Hadean is expected to establish itself as a leading provider of scaling tools for metaverse gaming. Metaverse-related gaming is expected to experience tremendous growth over the next decade, with a JP Morgan memo released earlier this month estimating that the market could reach $100 billion in China alone.
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