Next-generation enterprise metaverse platform Mytaverse has garnered a substantial $7.6 million in Seed funding round via the likes of Blumberg Capital, which led the funding support, along with several other key investors. The announcement came per the company's press release on Monday morning, Apr. 18, as Mytaverse looks toward the future in advancing its own footprint.
CTO and co-founder of Mytaverse, Jaime Lopez, explains what specifically makes the company stand out from all the rest in this still-burgeoning metaverse space:
"Our mission at Mytaverse is to empower, engage and embolden the interactions between brands, their customers, and partners. We accomplish this by enabling customers to deploy digital twins of their products in their own branded and photo-realistic, dynamic 3D setting. Mytaverse transcends borders and physical limitations by enabling anyone, anywhere to access the metaverse."
Mytaverse utilizes a sophisticated cloud-based web3 platform to help enterprise officials and internal employees discuss necessities in topics within a metaverse meeting room. Think Zoom, but instead of talking with someone between screens, you are actually beside them in a virtual space.
Beyond metaverse meeting rooms, Mytaverse likewise provides a slew of additional proponents in its ecosystem, such as training simulations for employee onboarding, exhibition-style virtual spaces that act as galleries or discussion opportunities, and full-blown venues for large-scale digital events. Mytaverse doesn't simply see itself as a Web3 version of Zoom but rather as a cross-platform, multi-dimensional application for everything from HR necessities to even NFT galleries.
Mytaverse has already worked alongside some of the biggest names across industries: PepsiCo, Tekni-Plex, Zaha Hadid Architects, and Dassault Aviation. The company has maintained an avid effort in bridging the physical world with the digital in this still relatively uncertain pandemic-afflicted era.
Despite some reopenings across the world, in Mytaverse's mind, the metaverse construct will only aid in streamlining the endeavors for internal enterprise operations. Going into the future, the metaverse concept itself will only be dramatically popularized and Mytaverse aims to be at the forefront of metaverse enterprise solutions.
Assorted parties that likewise aided in the $7.6 million funding round include Baselayer Ventures, Accelerator Ventures, Correlation Ventures, and more. Founding and managing partner of Blumberg Capital, David Blumberg, and Baselayer Ventures' Paul Malciunas will both be joining the board of directors under Mytaverse Inc.
"The pandemic was a catalyst for virtualization and the opportunities for innovation in the metaverse continue to expand," says Blumberg. "Mytaverse embodies the future of the virtual enterprise, where companies increase engagement and efficiency by creating compelling experiences in the metaverse."
Mytaverse's newly acquired $7.6 million will enable the company with better options in 3D assets, enterprise tools, and even more photorealistic-looking avatars for all users to enjoy. It will also maintain a more profound integration of varied products, allowing users to create their own digital worlds under the Mytaverse platform.
