Inworld AI today announced it has raised $10 million in funding. It plans to use the investment to expand the team.
The company will also launch its creator platform later this year, which will offer integration with game engines and metaverse apps.
Bitkraft Ventures led the round, with participation from the Reality Venture Fund. Other investors include Twitch co-founder Kevin Lin, Animoca Brands co-founder, Yat Siu, Oculus co-founder, Nate Mitchell, and others.
Ilya Gelfenbeyn, CEO of Inworld AI, said in a statement: “Similar to how Unity and Unreal enable developers to create visually appealing environments, the Inworld AI platform is designed to helps build highly configurable virtual characters to create more engaging and memorable user experiences. With the backing of the most prominent investors in the space, we are able to enable developers and creators to leverage our platform to build and deploy virtual characters that enhance interactive and immersive virtual world”.
Moritz Baier-Lentz, partner at Bitkraft, added: “Over the next decade, we expect to see the creation of virtual environments of unprecedented scale and connectivity. But these worlds will feel empty without the right content, and bringing them to life with meaningful social interactions is a challenge, unless developers can count on benefits. of AI and procedural generation to create compelling characters for them.
Getting it right is a tough task and we’ve been looking for the right team to take on this important challenge for a long time. Inworld’s experience, skill and speed of execution are second to none, and we couldn’t be more delighted to partner.”