Web3 Startup Raises $30M to Build the Metaverse, Backed by Epic Games, British Army

UK distributed computing startup Hadean secured $30 million in a Series A funding round led by Molten Ventures. The funding was backed by several other prominent names including the video gaming giant Epic Games and the CIA-backed In-Q-Tel.
Hadean Receives Epic Games’ Support to Develop Metaverse Infrastructure Technology
Hadean, a London-based startup that develops an infrastructure technology for the metaverse, raised $30 million in a Series A funding round. The financing was led by Molten Ventures, joined by other investors including 2050 Capital, Alumni Ventures, Aster Capital, Entrepreneur First, and In-Q-Tel.
Epic Games, the maker of Unreal Engine and Fortnite, also participated in the funding. Additionally, Epic Games is also a Hadean’s customer, alongside other bigwigs like Microsoft, Minecraft, and Sony, among others.
Hadean plans to use the fresh funding to continue developing its scalable and interoperable metaverse capabilities. Because it operates as an open platform for spatial cloud computing, the startup also views itself as an “infrastructure” that fuels the metaverse and help it become a reality.
“Hadean’s computing power will provide the infrastructure that’s needed as we work to create a scalable metaverse. The company’s technology complements Epic’s Unreal Engine by enabling massive amounts of concurrent users and unlocking new tools for creators and developers.”
– Marc Petit, VP, of Epic’s Unreal Engine Ecosystem
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