Hadean, a Web3 company, raises $30 million from Epic Games and Tencent.

Hadean, a firm that uses computation to scale virtual and metaverse environments, has finished gathering $30 million in its Series A fundraising round.

Gaming juggernaut Epic Games and Chinese entertainment juggernaut Tencent were two of the businesses that made investments. Hadean intends to continue creating software and infrastructure for growing the metaverse.

Hadean Completes $30M Series A Round of Financing

A U.K.-based computer business called Hadean has secured $30 million to broaden its present audience and increase its capacity for growing the metaverse.

The company successfully completed its Series A investment round with backing from well-known figures in the gaming and entertainment industries, including Tencent, a Chinese gaming company, and Epic Games, creators of the Unreal series of graphics engines. The 2015-founded business will utilise the funding to further developing its software platform so that it can continue to offer scaling services for metaverse worlds.

Past clients and Metaverse Gaming

Several customers already utilise Hadean's world-designing and scaling services. The business collaborated with Mojang, the studio behind the well-known game Minecraft, to supply its Aether Engine as the driving force behind distributed computing solutions, enabling the game to scale more successfully.

More recently, Hadean collaborated with Epic Games, which gave the company a grant so that it could include some of its product's features into their Unreal Engine platform. The British army granted the business a contract in July for the development and scaling of a cloud-distributed simulator for the training of military units.

Hadean anticipates joining the leading suppliers of metaverse gaming scaling technologies. This decade will see a significant increase in gaming that is connected to the metaverse. According to a paper published by JPMorgan earlier this month, the market may total $100 billion in China alone.