Quick take:
- Worlds creates digital twins that organisations can use to measure their operations.
- Some of the company’s clients include Chevron and Petronas.
- Worlds focuses on sectors in the supply chain, including manufacturing, distribution and logistics, transportation, and energy, as well as national defence.
Worlds Enterprises, Inc., a company that creates infrastructure for building the metaverse, has completed a $21 million Series A funding round led by Moneta Ventures. Additional participants include existing investors Align Capital, Green Park & Golf Ventures, Chevron Technology Ventures, Piva Capital, PerotJain, and Capital Factory.
Previously known as Hypergiant Sensory Sciences, Worlds went to market in August 2021. It is currently bringing IoT sensors, people, and processes together in digital twins to help industrial businesses monitor their supply and logistics flows.
The fresh funding will be used to continue developing the company’s AI platform, expand key go-to-market partnerships, and further expand the adoption of Worlds’ technology by industrial companies.
Worlds is an industrial metaverse platform that brings AI-based automation to the ground-floor operations of large industrial companies. The company creates what it calls a “new 4D infrastructure” for building digital twins that organisations can use to measure their operations.
According to Venture Beat, Worlds is building a digital twin for one of its clients, AllianceTexas, a 27,000 acre commercial inland port, to monitor its supply flows. The digital twin covers a five-square-mile area of the port where an airport, railyard and distribution centres are located, and uses neural networks to track the location of trucks, identify carriers, and extract the unique numbers on each truck.
“Businesses today are racing toward a future where the digital and physical worlds fully converge and radically change how they measure, analyze, and reimagine their businesses. That is precisely the work of Worlds and we are the only company on the planet that can do what we do,” said says Dave Copps, CEO of Worlds.
Worlds focuses on sectors in the supply chain, including manufacturing, distribution and logistics, transportation, and energy, as well as national defense. Some of the company’s clients include Chevron and Petronas.
In November, French automobile manufacturer Renault Group claimed to have launched the first industrial metaverse as part of its digital transformation efforts.
Launched for the purpose of monitoring supply flows, Renault’s industrial metaverse is based on four dimensions: mass data collection, digital twins of processes, connecting the supply chain ecosystem and a set of advanced technologies.
****
Advertisement
Sign up to the world’s biggest crypto exchange Binance to buy and sell cryptocurrencies.
Stay up to date:
