Popular game developer Epic Games joins other investors in completing tech startup Hadean’s $30 million fundraising round. According to reports on September 23, 2022, the London-based company will use the funds to build out its metaverse infrastructure.
Molten Ventures led the Series A funding round. Along with Epic Games, 2050 Capital, Alumni Ventures, Aster Capital, Entrepreneur First, and InQTel, also joined the fundraising.
The capital will help the new enterprise create an interoperable, scalable, and secure metaverse. Since Hadean is an open platform for distributed cloud computing, it will serve as the infrastructure that powers its own virtual world.
“The company’s (Hadean) technology complements Epic’s Unreal Engine by enabling massive amounts of concurrent users and unlocking new tools for creators and developers. Epic Games’ Unreal Engine VP Marc Petit stated adding “We are pleased to contribute to Hadean’s growth and look forward to continuing to work together to lay the foundation for the metaverse.”
The project is the Fortnite creator’s deeper foray into the world of Web3. In mid-September, the company listed its first-ever Non-Fungible Token (NFT) game Blankos Block Party on the Epic Games Store.
Hadean is a venture-backed startup that created the Hadean OS, a cloud operating system that allows apps to scale. Basically, the company specializes in solving computational bottlenecks to speed up operations. Additionally, their capabilities also include enabling interoperability in a secure environment.
Founded in 2015, Hadean has worked with prominent projects and entities. Some of the well-known names include Epic Games, Gamescoin, Microsoft, Minecraft, Pixelynx, and Sony, among others.
In 2019, Hadean and Iceland-based video game developer CCP Games unveiled the first EVE Aether Wars technology demo. The demonstration, which ran live at the 2019 Game Developers Conference, featured over 14,000 connected clients in various regions in a single instance. Consequently, Hadean had the chance to showcase their infrastructure’s capability to handle a massive number of players in the virtual world.
“Hadean’s mission is to bridge physical and virtual worlds. To help us make better decisions and ultimately improve the quality of our lives in the physical world,” Hadean Co-Founder and CEO Craig Beddis said adding “We’re delighted to work with industry leaders like Epic Games. They share our ethos and ambition for this reality.”
The company believes that the metaverse’s success and mass adoption will depend on how easy creators can build using “open and robust metaverse-as-a-service technologies.”
About Epic Games
Epic Games is a video game and software developer/publisher founded in 1991. Subsequently, the company made a mark in the gaming industry with the creation of 3D computer graphics game engine Unreal Engine. Eventually, the platform’s tools became a standard in the gaming, film, and TV industry.
With the success of its engine, Epic Games went on and thrived as a game studio. Some of the original titles on their portfolio includes Fortnite, Gears of War, and the Infinity Blade series, among others
In December 2018, the company opened the Epic Games Store, a digital video game storefront for Microsoft Windows and macOS. The marketplace went on to set a record 194 million users in 2021.
The company’s first foray into Web3 territory started with a partnership with game developer Gala Games. The studio announced in early June 2022, upcoming plans to publish Web3 games on the Epic Games Store. Soon after that, Gala’s battle royale game GRIT became the company’s first title on Epic’s marketplace.