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Caduceus Closes $4M Series A Funding Round – FinSMEs

Caduceus, a London, UK-based provider of a metaverse protocol with decentralized edge rendering, raised $4M in Series A funding.

The round was led by Susquehanna International Group, and BlockFills. Other lead investors in the round included Bin Zayed Group, Qredo, TokenInsight, Nukkleus, Digital RFQ and Luna Venture Capital, as well as ex-England and Chelsea Football Club captain John Terry.

The company intends to use the funds to expand development of its decentralized rendering and edge cloud computing as part of the protocol. 

Led by Tim Bullman, co-founder, Caduceus Caduceus is developing a suite of developer toolkits and hardware solutions that create a rich environment for metaverse development, enabling the building, financing, and cross-chain portability of 3D worlds and digital assets from metaverse to metaverse — all from a decentralized, fully modular, open access blockchain with lower transaction costs, high speeds and greater security than any other public blockchain. The company utilizes decentralized rendering and edge computing along with extended-reality technology to bring developers, creators, and users high level metaverse experiences.



This UrIoTNews article is syndicated fromGoogle News

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