• Worlds Enterprises, Inc., an industrial metaverse firm, has secured $21.2 million in its Series A1 funding round.
• The project aims to use the funds to bolster its AI solutions and expand its technology.
• Experts project the global metaverse market to grow from $61.8 billion in 2022 to over $426 billion by 2027, a CAGR of 47.2%.
Worlds Enterprises, Inc., a web3 project that has developed a 4D system for building the industrial metaverse, recently announced the successful completion of its $21.2 million Series A1 funding round. Led by U.S.-based VC firm Moneta Ventures, the round also saw participation from Chevron Technology Ventures, Piva Capital, and more.
With this new influx of capital, Worlds plans to bolster its artificial intelligence (AI) solutions and further expand its technology. The industrial metaverse project is aimed at providing businesses with a platform to unlock unrealized value, by utilizing AI to automate operations and processes in the supply chain, manufacturing, energy, logistics, and more. According to Dave Copps, the CEO of Worlds, the project’s mission is to “race toward a future where the digital and physical worlds fully converge and radically change how they measure, analyze, and reimagine their businesses.”
The global metaverse market is projected to experience immense growth over the next few years. Experts estimate that the market, which was worth $61.8 billion in 2022, will be worth over $426 billion by 2027, a Compound Annual Growth Rate (CAGR) of 47.2%.
The news of Worlds’ successful funding round comes at a time when web3 projects and companies linked to bitcoin (BTC) are facing immense market pressures due to the prolonged market downturn and FTX contagion. This makes Worlds’ achievement of securing $21.2 million all the more impressive, as the firm defies the crypto winter, and looks ahead to a future of growth and success.