XVERSE Raises $120 Million to Build Next-Generation One-Stop Platform for 3D Content Production and Consumption
Everyone is free to "define your world."
Today, XVERSE announced the completion of its Series A+ funding round, led by HSG, with Temasek and CPE Sourcepeak participating as co-investors. Existing shareholders Gaorong Ventures, 5Y Capital, and Hillhouse continued their support from the angel round onward. The prior Series A was led by Hillhouse, with the two rounds totaling $120 million. Gaorong Ventures was a co-lead investor in the company's angel round and has continued to participate in both the Series A and Series A+.
Founded in early 2021 in Shenzhen, XVERSE is building a next-generation one-stop platform for 3D content production and consumption, pioneering a new 3D experience that is expansive, authentic, immersive, and lightweight — empowering industries including entertainment, social, marketing, and e-commerce to go 3D, and fulfilling its vision of letting everyone freely "define your world."
The future of 3D is a future of technological revolution. Beyond the industry's conventional on-device and cloud-based approaches, XVERSE has developed proprietary "device-cloud collaborative" 3D interactive technology that overcomes multiple technical limitations by integrating core capabilities spanning computer graphics, high-performance computing and storage systems, audio-video encoding and decoding, real-time communication, and AI algorithms. Going forward, XVERSE will continue to advance its underlying technology and product experience, accelerating the build-out of 3D infrastructure.
Coinciding with the company's anniversary, XVERSE has also opened its 1:1 replicated "3D OFFICE" — everyone is welcome to gather in the cloud.
