London-based emerging technology company making high-quality interactive entertainment for the metaverse, Oorbit has raised $5 million funding. The seed round saw the participation of investors and Shark, Mark Cuban, Pixelynx (deadmau5), and HOF Capital.
Launching in late 2022, the platform has developed infrastructure that unites metaverse experiences and worlds into one place, removing barriers to entry. It empowers players to experience high-quality games, events, interactive media, marketplaces, and more from content partners. Oorbit will be accessible in one easy-to-navigate platform on the types of screens users already own.
Mark Cuban, investor and entrepreneur said: "As the metaverse moves from our imaginations into actual entertainment, experiences, and products, Oorbit’s founders have created an innovative platform where developers, publishers and brands can create and more easily deliver their most compelling work.”
According to Ash Koosha, CEO and co-founder, Oorbit, the funding will support growth and platform expansion. He said: Oorbit is demystifying the major technologies that will play the biggest role in the growth of Web3 and the metaverse; blockchain, cloud streaming, NFTs, fintech, and more.”