XVERSE

XVERSE is a Chinese AI and metaverse technology company founded by 姚星 (Yao Xing), who previously served as a Tencent vice president and founded Tencent AI Lab and Tencent Robotics X Lab . The company positions itself as a builder of "全真互联网" (true-to-life internet) operating systems and content, with a focus on 3D content, physical simulation, AI, and cloud technologies to create immersive virtual world experiences . In early 2022, XVERSE raised $120 million in an A+ round led by Sequoia China (红杉中国) , with 5Y Capital (五源资本) also among its backers . As of late 2023, Yao was leading the team to develop large language models including 7B, 13B, and 65B parameter variants amid compute constraints . The company's early positioning centered on metaverse infrastructure, though its later work suggests a pivot toward foundational AI models.