About XVERSE
XVERSE is a company based in Shenzhen (China) founded in 2020. XVERSE has raised $160 million across 2 funding rounds from investors including Tencent, Temasek and Sequoia Capital. XVERSE operates in a competitive market with competitors including IMVU, Meta, ZEPETO, Improbable and VRChat, among others.
- Headquarter Shenzhen, China
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Sectors
Technology
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Email
Locked
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Phone
Locked
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Website
Locked
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$160 M (USD)
in 2 rounds
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Latest Funding Round
$120 M (USD), Series A
Mar 11, 2022
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Investors
Tencent
& 5 more
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Employee Count
Not available
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Funding Insights of XVERSE
XVERSE has successfully raised a total of $160M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $120 million completed in March 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in XVERSE
XVERSE has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include Tencent, Temasek and Sequoia Capital.
| Investor | Description | Founded Year | Domain | Location |
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A venture capital firm focused on technology and innovation investments.
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An investment platform is provided for diverse sectors and geographies.
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Early and growth-stage TMT startups are funded in China.
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Investor details for XVERSE
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Investments & Acquisitions by XVERSE
Investment portfolio details for XVERSE
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Financial Statements - XVERSE
Detailed financials for XVERSE
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Xverse Comparisons
Peer comparison for XVERSE
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Competitors of XVERSE
XVERSE operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as IMVU, Meta, ZEPETO, Improbable and VRChat, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Provider of an online 3D avatar-based social network
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Metaverse platforms and VR devices are developed for immersive interactions.
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Metaverse social platform offering 3D character creation
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Platform offering distributed simulation software for video games and corporate sectors
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Provider of a VR-based social platform
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Metaverse social networking and online games are developed by Sulake.
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Detailed competitors of XVERSE
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Latest news on Xverse
Complete news archive for XVERSE
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Frequently Asked Questions about XVERSE
XVERSE was founded in 2020 and raised its 1st funding round 1 year after it was founded.
XVERSE is headquartered in Shenzhen, China. It is registered at Shenzhen, Guangdong, China.
XVERSE is a funded company, having raised a total of $160M across 2 funding rounds to date.
XVERSE was founded in 2020 in Shenzhen, China, within the AI and graphics technology sector. An AI-powered platform for 3D content generation and display is developed, alongside technologies for high-performance computing in graphics, storage systems, audio and video codecs, and real-time communication. AI large language models supporting complex reasoning and multilingual comprehension are provided. An AI interactive reading application featuring tailored stories is also offered.
XVERSE's top competitors include ZEPETO, Improbable and IMVU.
XVERSE has 6 investors. Key investors include Tencent, Temasek, Sequoia Capital, 5Y Capital, and Gaorong Capital.