Condense, a Bristol, UK-based company delivering live, real-world events into the metaverse, raised $4.5M in Seed funding.
The round was led by LocalGlobe, 7percent Ventures and Deeptech Labs, with participation from Tom Blomfield, Grace Ladoja MBE and Ian Hogarth.
The company intends to use the funds to accelerate growth and expand operations.
Led by CEO Nick Fellingham, Condense is a company that streams real-world live events into the metaverse. Condense uses computer vision, machine learning and proprietary streaming infrastructure to capture and embed live 3D video (Video 3.0) into any metaverse game, mobile app or platform created with Unity or Unreal Engine. The company’s first product, Condense Live, enables music and sports rights holders to stream live volumetric video directly into online games platforms, creating brand new player experiences and revenue streams.