Futureverse Raises $54M to Combine AI, Metaverse
Futureverse, a company comprised of 11 metaverse infrastructure and content startups, has raised $54 million in a Series A funding round in an effort to combine artificial intelligence and the metaverse.
The round was led by 10T Holdings, an equity fund specializing in late-stage investments, and included participation from crypto payment solutions provider Ripple Labs.
The Los Angeles-based company’s technology platform includes a suite of proprietary AI content generation tools designed to “enhance the music, objects, characters and animations that will eventually be part of the metaverse.”
The company wants to combine technological infrastructure and AI-driven content to create the open metaverse that everyone envisions, aiming to take it from an abstract idea to a practical, accessible and interactive destination.
“Futureverse has developed an immersive and vertically integrated metaverse platform that acts as an AI technology provider, metaverse infrastructure builder, layer 1 architect, creative studio, and digital community all-in-one,” said Dan Tapiero, CEO, CIO of 10T.
Futureverse was co-founded by Aaron McDonald, Shara Senderoff, Marco Brondani and Dan Gillespie.
In the last year, the company has formed strategic partnerships with FIFA, Authentic Brands Group, Mastercard, Wimbledon, Death Row Records, Wētā Workshop, Snoop Dogg, Timbaland, Keanu Reeves and Alexandra Grant.
