Hadean secures £27m in Series A funding led by Molten Ventures to expand metaverse infrastructure
Molten Ventures led the Series A round with participation from Epic Games and several other backers to support metaverse scalability.
Hadean develops distributed spatial computing technology that provides scalable infrastructure for virtual worlds and digital twins. The London based deep tech start-up powers immersive entertainment and enterprise applications.
London based deep tech start-up Hadean has secured £27m in a Series A funding round led by Molten Ventures. The capital injection also saw participation from 2050 Capital, Alumni Ventures, Aster Capital, Entrepreneur First, InQTel, and Epic Games.
The new funding will be deployed to expand the company's scalable and interoperable metaverse infrastructure. Hadean provides distributed cloud computing technology designed to support massive concurrent user counts in immersive environments and enterprise digital twins.
The investment builds on existing multi-year agreements across the entertainment and enterprise sectors, positioning the firm to accelerate the development of developer tools for emerging virtual markets.
From the founder
"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. 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."
Craig Beddis
Co-Founder and CEO at Hadean
Investor perspective
"The company’s technology complements Epic’s Unreal Engine by enabling massive amounts of concurrent users and unlocking new tools for creators and developers. We are pleased to contribute to Hadean’s growth and look forward to continuing to work together to lay the foundation for the metaverse."
Marc Petit
VP, of Epic’s Unreal Engine Ecosystem, Epic Games
Use of funds
- 01Continue product development
Investors
David Cummings
Molten Ventures
2050 Capital
Alumni Ventures
Aster Capital
Entrepreneur First
InQTel
Marc Petit
Epic Games
