Worlds Raises $21.2 Million to Unleash Industrial Metaverse Revolution

• Worlds, an industrial metaverse firm, recently completed a $21.2 million Series A1 funding round.
• The funds will be used to bolster its AI solutions and expand its technology.
• The global metaverse market is expected to grow from $61.8 billion in 2022 to over $426 billion by 2027.

Worlds Enterprises, Inc., a web3 project that claims to have developed a 4D system for building the industrial metaverse, has recently announced the completion of its $21.2 million Series A1 funding round. The round was led by U.S.-based venture capital firm Moneta Ventures, with participation from Chevron Technology Ventures, Piva Capital and more.

Worlds is an industrial metaverse firm that aims to bring artificial intelligence (AI) based automation to the operations of large firms in various industries. The firm believes that its solution will help companies unlock unrealized value by allowing them to measure, analyze, and reimagine their businesses. With the recent funding round, Worlds will be able to bolster its AI solutions and further expand its technology.

The industrial metaverse project is an especially timely development, given that many web3 projects and businesses related to bitcoin (BTC) have been forced to lay off workers or shutter operations due to the prolonged market downturn and FTX contagion. This makes Worlds‘ success even more impressive, as the firm has managed to secure the needed funds despite the current crypto winter.

Experts project the global metaverse market to grow from $61.8 billion in 2022 to over $426 billion by 2027. This is a compound annual growth rate (CAGR) of 47.2%. Companies that are able to take advantage of this growth are likely to be well positioned to succeed in the future. With its recent Series A1 funding round, Worlds is well positioned to capitalize on this growth.