Hadean, a company specialized in the development of technologies related to the metaverse and Web3, has managed to raise $30 million. The round of financing saw the participation of Epic Games, the successful studio that shows a growing interest in these virtual worlds.
Hadean raises $30 million for the metaverse
British startup Hadean, which specializes in developing technologies related to the metaverse and Web3, has just raised $30 million in a Series A funding round.
The funding was led by European venture capital firm Molten Ventures alongside 2050 Capital, Alumni Ventures, Aster Capital, Entrepreneur First and InQTel.
Epic Games, the video game studio behind the 3D Unreal Engine and the hit game Fortnite, was also among the investors. This is the second financial support from Epic Games for Hadean, as the studio already provided support in the form of “MegaGrant” last year, a form of support reserved for developers using Unreal Engine.
Epic Games’ interest in the metaverse is not new, especially when you remember its colossal $2 billion fundraising in April, in which the giants Sony and Kirbi, the company behind the Lego toy line, participated.
Marc Petit, the vice president of the Unreal Engine ecosystem, stressed the importance of Hadean’s presence for the development of the metaverse:
“Hadean’s computing power will provide the necessary infrastructure as we work to create a scalable metaverse. The company’s technology complements Epic Games’ Unreal Engine by enabling massive amounts of concurrent users and unlocking new tools for creators and developers.”
The metaverse infrastructure
Although its name is still relatively unknown to the general public, Hadean has already brought its technology and infrastructure to big names such as Microsoft, Minecraft and Sony.
Among its achievements, Hadean was able to gather 14,000 players in the world of Eve Online in one place. This technological feat is the result of a collaboration with MMO game developer CCP Games.
According to Craig Beddis, Hadean’s CEO, our future will definitely be at the crossroads of the physical world and these virtual worlds:
“Hadean’s mission is to bridge the physical and virtual worlds to help us make better decisions and ultimately improve the quality of our lives in the physical world. […] But we believe that the true success and mass adoption of the metaverse will lie in the ease with which creators can create their own experiences at scale, leveraging open and robust metaverse-as-a-service technologies.”