Prepared Participant Me, an organization targeted on bringing cross-platform avatars to VR and past, introduced it’s closed a $56 million Sequence B spherical.
The spherical was led by Andreessen Horowitz (a16z), with participation from buyers together with Roblox co-founder David Baszucki, Twitch co-founder Justin Kan, King Video games co-founders Sebastian Knutsson & Riccardo Zacconi, sports activities and leisure firm Endeavor, Kevin Hart’s Hartbeat Ventures, D’Amelio household, Punk6529, Snowfro, Collab Forex, Plural, and Konvoy Ventures.
Prepared Participant Me co-founder and CEO Timmu Tõke says the funds will permit the corporate to proceed scaling its avatar system to make it “extra versatile for builders, create new instruments to assist builders monetize with avatar property, and construct instruments for particular person creators to participate of the cross-game avatar market.”
Based in 2014 in Tallinn, Estonia, Prepared Participant Me now counts over 3,000 apps throughout each Web2 and Web3 that combine its cross-platform avatar system, together with VR social platforms resembling VRChat, Spatial, vSpatial and Somnium Area.
Whereas the corporate’s foremost focus is on providing builders a ready-made avatar system that permits customers to have a persistent on-line identification, a part of the corporate’s monetization technique is centered on bringing trend manufacturers into the fold so customers can buy digital equipment, together with manufacturers resembling Adidas, New Stability, Dior, Pull&Bear, and Dune movie outfits courtesy Warner Brothers.
Prepared Participant Me additionally places heavy emphasis on its skill to generate avatars primarily based on a single consumer photograph, one thing that runs throughout desktop, internet, and cellular. The corporate says this was completed by compiling a database of 20,000+ face scans captured utilizing 3D scanners and a coaching a deep studying system that was ultimately capable of predict and render real looking faces from a single 2D photograph.
In accordance with knowledge obtained by CrunchBase, the corporate’s Sequence B represents its largest single funding but, bringing Prepared Participant Me’s general outdoors funding to $85.5 million following a $13 million Sequence A raised in December 2021.