5Y News | Xmov Raises $130 Million to Build Metaverse Infrastructure
Achieving scale, interactivity, and intelligence in metaverse content.
On April 6, Xmov, a global leader in metaverse infrastructure, announced the completion of its Series B and Series C funding rounds, raising a total of $130 million. The Series B round was jointly invested by Qingxin Capital and Jinsha Capital, with HSG and 5Y Capital continuing to invest for the third consecutive round. The $110 million Series C round was co-led by SoftBank Vision Fund 2 and a prominent strategic investor, with Northern Light Venture Capital and Index Capital participating, and Index Capital serving as the exclusive financial advisor.
"In the massive wave of the Metaverse that is now gradually unfolding, technological infrastructure represents both the core challenge and the major opportunity," said Cheng Yu, Partner at 5Y Capital. "We are honored to have witnessed Professor Chai lead the team in continuous exploration and breakthroughs since Xmov's founding, growing into an important builder and player in the industry. We congratulate Xmov on completing this new round of financing and believe the best is yet to come."
Dr. Jinxiang Chai, Founder and CEO of Xmov, stated that the essence of the metaverse lies in an upgrade of information carriers and interactive methods centered on 3D-native virtual content and virtual humans. "Xmov's value is focused on providing the infrastructure for the scalable, interactive, and intelligent production of virtual content and virtual humans, empowering all industries to enter the metaverse era." The proceeds will be primarily used for R&D investment, market expansion across industries and scenarios, ecosystem development and strategic positioning upstream and downstream, further extending Xmov's leading advantage in technology, product, and market.
Founded in 2018, Xmov is a technology company built on computer graphics and AI, possessing full-stack, end-to-end intelligent virtual content production, virtual human creation and operation technologies. The company has independently developed professional-grade and consumer-grade virtual livestreaming technology, as well as a 3D AI virtual human capability platform, creating a comprehensive product matrix.
The Xmov Virtual Content Collaborative Production Intelligent Cloud Platform lowers the barrier to metaverse content production and increases capacity through end-to-end intelligent tools, accelerating the scalability of metaverse content. "Avatar" delivers mature, standardized, full-stack virtual livestreaming and social interaction products covering both B2B professional and B2C consumer scenarios, enabling hyper-realistic, immersive real-time interaction in the metaverse. "AI Human" is an AI virtual human capability platform based on artificial intelligence technology, enabling the full-intelligence "creation-cultivation-application" of virtual humans. It helps B2B and B2C clients build AI virtual humans through one-stop services, deploying virtual digital humans across various application scenarios such as virtual customer service, virtual sales, virtual teachers, virtual HR officers, e-commerce livestreamers, and virtual training.
Based on its full-stack technical capabilities, Xmov provides platform solutions for the scalable, interactive, and intelligent production of 3D virtual content. In the future, it will offer more virtual consumption services and products, extending application scenarios further into "Virtual + X." Xmov aims to build the "utilities" of the metaverse — enabling all enterprises and ordinary individuals to create their own virtual humans and produce high-quality virtual content through platform services at minimal cost, creating value in a virtual ecosystem where the physical and digital converge and everything is interconnected.
Dr. Jinxiang Chai, Founder and CEO of Xmov, holds a Ph.D. from the Robotics Institute at Carnegie Mellon University. Before founding Xmov, he was a tenured professor at TAMU, a top American engineering university. With over 20 years of research experience in graphics, 3D virtual humans, and AI, he is a pioneer and leading figure in global AI animation and 3D virtual human technology. Core team members come from renowned enterprises and institutions including Microsoft Research, TAMU, Tsinghua University, Shanghai Jiao Tong University, and Zhejiang University, bringing together deep academic and industry backgrounds with extensive experience in technology, product, and management.
Leveraging its original full-stack AI performance animation technology, intelligent modeling and rigging technology, intelligent collaborative virtual content production technology, virtual livestreaming technology, and AI virtual human technology, Xmov has achieved numerous breakthroughs in building virtual world infrastructure and creating high-quality, high-efficiency, intelligent virtual content.
Xmov has already collaborated with numerous upstream studios and downstream clients across gaming, entertainment, internet platforms, consumer goods, and technology companies, building strong ecosystem barriers and platform effects with participants across the industry chain. To date, Xmov has served over 200 enterprise clients across gaming, entertainment, consumer goods, e-commerce, finance, technology, education, healthcare, and cultural tourism. Its virtual content collaborative intelligent production cloud platform has not only created the industry-renowned original virtual IP Ling, but also built virtual brand ambassadors and high-quality virtual content for leading enterprises including Alibaba, Tencent, CCTV.com, L'Oréal, Quduoduo (Kraft), Yili Group, Mengniu, and iFlytek. Its virtual livestreaming technology and products have served virtual IPs including Ye Xiu (Yuewen), Linghu (Tencent), Zhangyuniang (Alibaba), Saratoga (Bilibili), Xiao Ai (Xiaomi), and Sister M (L'Oréal). AI virtual humans have already been deployed for leading clients including ByteDance, OPPO, Xinhua News Agency, China Mobile, China Construction Bank, China Everbright Bank, Hua Xia Bank, Bank of Nanjing, and Taiping Insurance.
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