2 years ago
MetaGravity Raises $9.5 Million to Build Metaverse Infrastructure
MetaGravity, a London-based virtual world and metaverse infrastructure developer, has secured $9.5 million in Seed funding
The round saw participation from Sino Global Capital, Spartan Group, Market One Capital, Gravity Fund, Perridon Holdings, Pancasila, Ex-Capital, Mulana, Cogitent Ventures, Agrippa Capital, K5 Global Ventures, Moonpay and Project Godijra
The company plans to use the funds to strengthen its engineering and product teams, building the infrastructure layer to support metaverse experiences.
ProblemTechnology
"Building the metaverse is expensive and requires powerful infrastructure. Existing solutions are limited in scalability and cost-inefficient. "
Solution
"MetaGravity is building a distributed compute infrastructure that can support millions of users concurrently, is cost-efficient, and can integrate into any game engine and cloud platform. "