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Metagravity Raises $9.5 Million To Bring Low Cost Infrastructure To The Metaverse

Apr 21, 2023about 2 years ago

Amount Raised

$9.5 Million

LondonArtificial IntelligenceGaming

Investors

Project GodijraMoonpayK5 Global VenturesAgrippa CapitalCogitent VenturesMulanaEx CapitalPancasilaPerridon HoldingsGravity FundMarket One CapitalSpartan Group LlcSino Global

Description

Founded by serial entrepreneur Rashid Mansoor (previously Adbrain) and Tobin Ireland, London-based MetaGravity has announced it has raised a $9.5 million Seed funding round to scale its infrastructure layer support for the metaverse.

Company Information

Company

MetaGravity

Location

London, Ontario, Canada

About

MetaGravity is building the distributed compute infrastructure for metaverse gaming and virtual world simulations. We offer game developers (1) arbitrary scale (2) transformational cloud cost efficiences and (3) cloud-agnostic / game-engine agnostic ease of use

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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