Worlds Enterprises Secures $21 Million in Funding to Scale Industrial Metaverse Platform

Armed with a bigger war chest, the Texas-based startup is now looking to bolster its position in the industrial metaverse market.

Jan 10, 2023
by Akira Ming
Worlds Enterprises Secures $21 Million in Funding to Scale Industrial Metaverse Platform
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AI automation platform Worlds is taking a deeper foray into the industrial metaverse

Worlds Enterprises Inc., a company that creates 4D infrastructure for building the metaverse, has completed a $21.2 million Series A1 funding round led by Moneta Ventures. Other participants include existing investors Align Capital, Green Park & Golf Ventures, Chevron Technology Ventures, Piva Capital, PerotJain, and Capital Factory.

Worlds is an industrial metaverse platform that brings AI-based automation directly into the ground-floor operations of large industrial companies. It allows corporations to build extremely accurate digital twins of their real-world factories and facilities, which are then linked to the real world through various sensors recording what's happening inside them.

According to the announcement, this funding will be used to continue investing in the company's AI platform, expand key go-to-market partnerships, and increase the adoption of Worlds' technology by industrial companies. Worlds is already a trusted AI-based metaverse platform for some of the biggest industrial players like Chevron, PETRONAS, and Hillwood Development Company.

"We are thrilled that Moneta and all of our investors share our vision for large-scale digital transformation and believe in the incredible potential of Worlds as much as we do," said Dave Copps, CEO of Worlds. "Businesses today are racing toward a future where the digital and physical worlds fully converge and radically change how they measure, analyze, and reimagine their businesses. That is precisely the work of Worlds and we are the only company on the planet that can do what we do."

"Worlds has created a new 4D infrastructure for building the Industrial Metaverse, that is unlike anything else we have seen in the market, and is reinventing how some of the largest industrial companies are doing business," said Aasim Hasan, a Partner and Texas Leader at Moneta Ventures. "Working with Worlds is also easy, fast, and cost-effective for clients. And we see massive potential for growth. We are excited to be part of the journey with the Worlds team."

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