Worlds Enterprises, Inc., the developer of a new 4D infrastructure for developing the Industrial Metaverse, has completed its $21.2 million Series A1 investment round. Moneta Ventures led the round, with participation from Align Capital, Green Park & Golf Ventures, Chevron Technology Ventures, Piva Capital, PerotJain, and Capital Factory. The funds will be used to continue investing in the Company’s AI platform, build critical go-to-market alliances, and expand industrial firms’ use of Worlds’ technology.
The Worlds Industrial Metaverse platform integrates AI-based automation into large industrial businesses’ ground floor activities. IoT sensors, people, and processes all coexist within a live digital twin that enterprises can utilize to measure and rethink their operations in previously unimaginable ways.
“We are happy that Moneta and all of our investors share our vision for large-scale digital change and believe in Worlds as much as we do,” says Worlds CEO Dave Copps. “Enterprises today are rushing toward a future where the digital and physical worlds fully collide and drastically change how they measure, analyze, and rethink their businesses.”
As industrial firms expand larger and quicker than ever before, their ability to watch, evaluate, and improve processes at scale grows more difficult by the day. “We stand out in a market crowded with point solutions, computer vision firms, digital twin providers, and sensor companies that handle only a small element of a much larger problem,” says Worlds President Chris Rohde. “After hearing from hundreds of digital transformation teams, it is evident that what is actually needed is an one location where all of these items can be found; that is what Worlds provides.”
With their market launch in August 2021, Worlds is already a trusted AI platform for some of the largest industrial companies, including Chevron, PETRONAS, and Hillwood Development Company. Worlds saw remarkable year-over-year growth in 2022, growing ARR by more than 400% over the prior year while initiating expansions with multiple clients that will continue throughout 2023.
Worlds has created a new 4D infrastructure for building the Industrial Metaverse, a platform that brings AI-based automation directly into ground floor operations of large industrial companies. Inside Worlds, everyday processes and activities are converted into a live data stream that organizations can use to measure, analyze and unlock massive unrealized value. Worlds focuses on sectors in the supply chain, including manufacturing, distribution and logistics, transportation, and energy, as well as national defense.
