Founded by serial entrepreneur Rashid Mansoor (previously Adbrain) and Tobin Ireland, London-based MetaGravity has announced it has raised a $9.5 million Seed funding round to scale its infrastructure layer support for the metaverse.
MetaGravity claims is it solving the issue of distributed compute infrastructure required to support metaverse-scale gaming. Games engines have a limit of less than 100 concurrent players in a single shard. Spatial partitioning platforms have a fixed mathematical limit of 1-15,000 concurrent users and are costly and difficult to use.
With the funds MetaGravity says it will offer unlimited scale and be capable of supporting more than 1 million+ concurrent users (CCUs) plus associated AI and interactive objects. It will deliver sustainable unit costs, with breakthrough efficiencies in cloud compute costs per user as low as 1% of currently available technologies. Seamless integration into any game engine and cloud platform.
“MetaGravity’s mission is to create the base cosmology to birth the Metaverse – i.e. to re-invent the laws of virtual physics,” says Mansoor. “Using our deep knowledge of massively parallel compute and engine technologies, we’re creating the technical foundation for a scalable and decentralised metaverse. By going back to first principles and taking a completely fresh approach to concurrency, we have already achieved scale many factors beyond what was previously feasible.”
Investors in this round include Sino Global, Spartan Group LLC, Market One Capital, Gravity Fund, Perridon Holdings, Pancasila, Ex-Capital, Mulana, Cogitent Ventures, Agrippa Capital, K5 Global Ventures, Moonpay and Project Godijra.
"MetaGravity's proprietary IP has the potential to completely change the possibilities the metaverse holds. Its next-generation technology is unconstrained by the mathematical limitations of existing infrastructure, delivered in a cost-efficient and flexible way. The best and brightest metaverse simulations of the future will be built on MetaGravity's next-generation platform," says Ian Wittkopp, Chief Operating Officer at Sino Global Capital.
Ireland also adds that "Mass consumer adoption of the metaverse is inevitable in the medium term, but it will require the development of the highest quality customer experiences and sustainable cloud operating costs."
But will it? I'm not so sure. For all the promises and hype surrounding the metaverse, user adoption and uptake has fallen far short. Even after betting the farm on it, Zuck seems to have abandoned all hope.
From the outside looking in, the metaverse appears to be on life support. Might MetaGravity's offering be the thing to get its heart pumping again before someone pulls the plug? Time will tell.