Montréal’s Lighthouse Labs aims to “be the Google” for virtual worlds. Meaning?
Armed with $7 million USD in initial seed funding, newly launched Montréal-based software startup Lighthouse Labs plans to ramp up its efforts to build what it describes as “the open metaverse navigation engine” for blockchain-based virtual worlds.
The round comes just over four months after Lighthouse Labs—not to be confused with the Canadian coding school of the same name—was founded by CEO Jonathan Brun and CTO Justine Massicotte. Prior to launching Lighthouse Labs, Brun worked at New York investment firm White Star Capital, while Massicotte spent time as a machine learning developer for fellow Québec-based, search-focused company Coveo.
“We’re super early. We’re the first one with that angle on navigation, and hopefully we’ll move fast enough to stay ahead.”
In an interview with BetaKit, Brun acknowledged that while interest in the metaverse has “exploded” over the past six months, its development remains in the very early stages. According to Brun, this is part of the reason why Lighthouse Labs sees so much potential, claiming that this evolving environment makes it easier for the startup to propose standards and establish structure across virtual worlds.
Amid a wave of hype and companies announcing metaverse-related strategies and pivots, Brun believes there is an opportunity for Lighthouse Labs to provide the nascent, as-of-yet speculative space—which today is being used mostly to snap up digital real estate—with “the long-term infrastructure” necessary to support its growth. “We have to be early to power search,” he said.
“We’re super early,” said Brun. “We’re the first one with that angle on navigation, and hopefully we’ll move fast enough to stay ahead.”
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