Hadean Raises $30M; Will Boost Metaverse Infra Tech

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The company aims to scale its metaverse capabilities; provide creators with tools in emerging metaverse markets

In the Series A Funding round led by Molten Ventures, the London-headquartered deep tech company Hadean recently raised $30 Million. The company is involved in the immersive entertainment sector and works as an open platform for distributed cloud computing. Alumni Ventures, Aster Capital, Entrepreneur First, 2050 Capital, and InQTel also joined Hadean’s latest funding round.

The venture-backed startup plans to utilize the funds to build out its scalable, interoperable and secure metaverse capabilities further. The company also hopes to give creators the tools in new and emerging metaverse markets to change every aspect of working, building, buying and consuming.

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“Hadean’s mission is to bridge physical and virtual worlds – to help us make better decisions and ultimately improve the quality of our lives in the physical world”, said the Co-Founder and CEO of Hadean, Craig Beddis. “Today’s virtual worlds are a limited experience – small scale, siloed, and insecure. Hence why, these are the technical challenges we’re tackling today. But we believe the true success and mass adoption of the metaverse will rely on the ease by which creators will be able to build their own experiences at scale, leveraging open and robust metaverse-as-a-service technologies. We’re delighted to work with industry leaders like Epic Games, who share our ethos and ambition for this reality.”

David Cummings, Venture Partner at Molten stated, “Molten has been a part of Hadean’s journey since early 2019. Since then, we have seen the Hadean team deliver ambitious technical milestones, build an impressive customer base across a number of sectors and continue to attract dynamic talent. It is a pleasure to continue providing our support to Hadean as it grows yet further.”

The 2015-born Hadean provides a distributed cloud platform that enables scalability, security, and interoperability, driving the metaverse and digital immersive experiences for enterprise, commercial, gaming and government customers. Hadean claims to have developed vital metaverse components and signed multi-year agreements in entertainment (Minecraft, Pixelynx, Sony and Gamescoin), as well as with education and enterprise digital twin providers.


 

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