London-based Hadean raises an additional $5 million to 'supercharge the metaverse' and facilitate the rapid build-out of the company’s bleeding-edge metaverse infrastructure solution.
This investment is additional to the £30 million Series A funding round announced by Hadean in September 2022.
This extra bit of funding came from Ericsson Ventures, Metrea Discovery, VU Venture Partners, Sanctor Capital and Tirta Ventures.
“The Metaverse is one of the most important 5G use cases. Hadean provides a scalable, proven infrastructure to power the future of the metaverse. Together with 5G, Hadean will unlock unlimited possibilities within the metaverse. Ericsson Ventures is excited to support Hadean in its journey to further drive the immersive experience for both enterprises and consumers,” says Paul McNamara, Vice President of Corporate Development at Ericsson Ventures.
Founded in 2015, the startup aims to reimage distributed, spatial and scalable computing for web 3.0 and the metaverse. The distributed cloud platform enables scalability, security, and interoperability, driving the metaverse and digital immersive experiences for enterprise, commercial, gaming and government customers.
"We are thrilled to have the support of such a diverse and experienced group of investors. This additional funding will enable us to continue the significant progress we have made off the back of our Series A and expedite the advancement of our cloud-based solutions for the metaverse. Our objective is to bridge physical and virtual worlds to improve decision-making, support the creator economy and, ultimately, enhance the quality of life in the real world. We believe that the metaverse's true success and widespread adoption depend on the creators' ability to build their own experiences at scale, using open and robust metaverse-as-a-service technologies,” says Hadean CEO, Craig Beddis.