WEAR – Epic Games, which has raised billions of dollars and found partners like LEGO to help create the Metaverse virtual world, is also pouring money into a London startup focused on developing Metaverse infrastructure technology.
Hadean on Friday announced funding from privately held Epic and other investors including Chinese tech giant Tencent. (Tencent is also a big investor in Epic.)
The support should come as no surprise, as Epic previously selected Haden to receive one of its own “MegaGrants,” which are given to promising startup companies in the virtual world and video game market.
Hadean also uses Epic’s Unreal Game Engine technology.
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Announcing the MegaGrant, Epic noted:
“The first major integration of Hadean and Unreal in 2019 caused a stir at the record-breaking EVE: Aether Wars, which included a live demonstration from 3,750 players distributed worldwide. In addition to notable projects with Minecraft, Microsoft, and Xsolla, Hadean has begun expanding its commercial viability across a variety of industries. 2020 launched a landmark project with the Francis Crick Institute to investigate in vitro and ex vivo modeling of the coronavirus, while in early 2021 a first project with CAE took place to create large-scale city simulations of over 2 million units. “
Molten Ventures led the new round of funding. 2050 Capital, Alumni Ventures, Aster Capital, Entrepreneur First and InQTel also invested.
“Hadean’s computing power will provide the necessary infrastructure as we work to build a scalable metaverse,” said Marc Petit, VP of Epic’s Unreal Engine Ecosystem. “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 excited to be a part of Hadean’s growth and look forward to continuing to work together to lay the foundation for the Metaverse.”
“We’re excited to help Unreal Engine developers gain easier access to distributed computing capabilities to create realistic digital twins,
large-scale gaming experiences and advanced simulations powered by Hadean’s Aether Engine,” said Kim Libreri, CTO of Epic Games.
Hadean was launched in 2015.
“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 Craig Beddis, Hadean co-founder and CEO, in one Explanation.
“Today’s virtual worlds are a limited experience—small, isolated, and insecure. Therefore, these are the technical challenges we face today. But we believe that the true success and mass adoption of the Metaverse will depend on how easily developers will be able to build their own experiences at scale using open and robust Metaverse-as-a-Service technologies. We’re excited to partner with industry leaders like Epic Games who share our ethos and ambition for this reality.”
about the company
“Hadean has developed key Metaverse components and signed multi-year agreements in the entertainment space (Minecraft, Pixelynx, Sony and Gamescoin) and with digital twin providers for education and business. Hadean’s Unreal Engine demo for 14,000 players with EVE Online producer CCP Games at Game Developers Conference 2019 is just one example of how the company’s infrastructure technology enables large numbers of simultaneous participants in a virtual environment.”
More Metaverse headlines from Epic
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