IOT NEWS

Industrial IoT News

Industrial IoT Home

New IIoT Metaverse Experiences, Courtesy of Worlds Enterprises

By Alex Passett
February 03, 2023

When you take a scroll-stroll down the corridors of today’s all-present Internet, you’re sure to wind up in the midst of the hottest, up-to-the-microsecond buzzwords and buzz phrases: AR/VR, NFTs (R.I.P. to its market’s 97% decrease), IoT/IIoT/IoB, big data, generative AI/ChatGPT, cryptocurrency, 5G connectivity, Smart Industry 4.0, XaaS and many, many more.

Another now-mainstream buzzword, one that anchors the latest news from creators of 4D infrastructure Worlds Enterprises, Inc. (Worlds), is a simple one:

Metaverse.

Here’s how this all comes together. Back in January, Worlds announced the successful completion of its $21.2 million Series A1 funding round to build and big-time scale its Industrial Metaverse platform.

This latest round of funding was led by Moneta Ventures (with key participation from existing investors like Align Capital, Chevron Technology Ventures, Capital Factory, and more). With this funding, Worlds is set to invest deeper in the power of its Industrial Metaverse platform, on top of expanding Worlds’ go-to-market partnerships and adoption of its other technologies.

The Worlds Industrial Metaverse platform integrates AI-based automation directly into the ground floor operations of big industrial organizations in order to automate at scale and unlock massive unrealized value. This sophisticated combo of metaverse and real-world operations will allow these organizations to stomp out inefficiencies and factors that lead to unsafe conditions, and to re-imagine industrial processes.

Dave Copps, CEO of Worlds, is thrilled that Worlds’ investors, Moneta included, share the same vision of metaverse-driven successes.

“Businesses today are racing toward a future where the digital and physical worlds fully converge and radically change how they measure, analyze, and re-imagine their businesses,” Copps said. “That is precisely the work of Worlds, and we are the only company on the planet that can do what we do.”

Aasim Hasan, Partner and Texas Leader at Moneta Ventures, is just as thrilled.

“Worlds has created a new 4D infrastructure for building the Industrial Metaverse – one unlike anything else we have seen in the market – and is reinventing how some of the largest industrial companies are doing business,” Hasan said. “Working with Worlds is also easy, fast, and cost-effective for clients. And we see massive potential for growth. We are excited to be part of the journey with the Worlds team.”

In 2022, Worlds experienced huge year-over-year growth (400% over 2021) while still initiating significant projects and expansions. And with its Worlds Industrial Metaverse platform, it shows that (given that, 20 years ago, such an idea was far-fetched) the company recognizes how futuristic the present can truly be.




Edited by Greg Tavarez
Get stories like this delivered straight to your inbox. [Free eNews Subscription]
SHARE THIS ARTICLE
Related Articles

Semitech Semiconductor Dual-Mode Communication Platform Receives G3-PLC Hybrid Certification

By: Alex Passett    5/25/2023

Semitech Semiconductor, a provider of high-performance IoT/IIoT products, received official certification from the G3-Alliance on its SM2400 PLC+RF du…

Read More

'Warehouse Cleaning, Without Compromise' - Avidbots Launches its Neo 2W Autonomous Cleaning Robot

By: Alex Passett    5/15/2023

Purpose-built for dynamic IIoT environments, Avidbots' Neo 2W automates time-consuming, labor-intensive tasks that come with floor care.

Read More

Next-Gen Lithium-Ion Battery Packs: In-Progress Innovation from Flux Power Holdings and UL Solutions

By: Alex Passett    5/11/2023

Flux Power Holdings has completed UL Solutions' third-party, data-backed certification and compliance testing and will move on to the next phase hitti…

Read More

Emerson's SolaHD has Launched its IIoT Network Connectivity and Power Supply Solution

By: Alex Passett    5/8/2023

SolaHD, an Emerson brand, has launched its next-gen power solution for bringing network connectivity to its SDN-D power supply and its SCM, or SolaHD …

Read More

Heavy Lifting in IIoT: Alleviating Labor Shortages as Challenges Impact the Supply Chain Industry

By: Alex Passett    5/4/2023

Ivanti Wavelink recently announced the results of its "Heavy Lift: Supply Chain Trends for 2023" survey that looked at more than 200 different types o…

Read More