MetaGravity, a London, UK-based virtual world and metaverse infrastructure developer, raised $9.5M in Seed funding.
The round saw participation from Sino Global Capital, Spartan Group, Market One Capital, Gravity Fund, Perridon Holdings, Pancasila, Ex-Capital, Mulana, Cogitent Ventures, Agrippa Capital, K5 Global Ventures, Moonpay and Project Godijra.
The company intends to use the funds to bolster its engineering and product teams to build the infrastructure layer to support the metaverse experiences.
Co-founded by CEO Rashid Mansoor and CBO Tobin Ireland, MetaGravity is building the distributed compute infrastructure for metaverse gaming and virtual world simulations. The platform
- will offer unlimited scale and be capable of supporting more than 1 million+ concurrent users (CCUs) plus associated AI and interactive objects.
- will deliver sustainable unit costs, with breakthrough efficiencies in cloud compute costs per user as low as 1% of currently available technologies.
- will integrate into any game engine and cloud platform
20/04/2023