New Delhi Delhi India NewsVoir Chiratae Ventures Formerly IDG Ventures India and Lenskart Vision Fund invests 4 million as part of Adloidspre series-A funding to fuel the next level of growth and product evolution The round also saw participation from Easemytrip Co-founder Prashant Pitti Seeders and 100x Entrepreneur With this round Adloid is rebranding to Metadome a metaverse that will provide the no-code infrastructure to millions of creators brands to build immersive experiences for the virtual world The company will be expanding its product and tech teams and inviting the creator community to build a metaverse which can host 1 Billion experiences a day by 2023 It also plans to strengthen its customer success and delivery in North America other geographies to support its enterprise offerings With an increasing acceptance of the virtual world the concept of Metaverse is gaining traction among businesses and individuals It promises to be far more immersive interactive and collaborative than what the internet has accomplished so far with web 20 Metadome is built for all virtual experiences that allows people to create experience collaborate learn play work and trade virtual goods estates and much more Speaking about the development Metadome Formerly Adloid CEO Founder Kanav Singla said With Metadome our vision is to build a new world so satisfying where people would want to live in it and not be forced to come It resonates with our teams life mission of solving the inherent problems of the real virtual world We are using our existing expertise in augmented reality artificial intelligence and computer vision to build a one-one mapping of the real world and creating an experience of life beyond the real world Metadome formerly Adloid started in 2016 as one of the early players in augmented reality globally with focus of bringing life-like AR experiences to all smartphones and has since evolved as the category leader across multiple industries with patents on compression techniques to enable the scale empowering 30M AR experiences and creating a library of 100k 3D assets Over the last few years they have identified key problems in the ARVR space and the focus has been on achieving photorealistic rendering quality and enabling that experience across the entire network of smartphones Our dedicated team of tech product and design experts are working towards the shared mission of hosting 1 Billion experiences in Metadome by 2023 Metadome Formerly Adloid Co-founder Chief Revenue Officer Prashant Sinha said Metadome will provide businesses newer ways of engaging their customers The Metaverse is a persistent virtual world and shopping will be driven by 3D and Augmented Reality The brands that work with us will be able to represent their entire portfolio and to allow Metaverse participants to truly engage with their products For individuals and creators the possibilities are enormous as they will be able to interact collaborate learn play work create trade transact and buy virtual goods Metadome is already empowering brands with AR deployments across automobile home-decor beauty accessories and consumer electronics working with industry leaders like Hewlett Packard HP Tata Motors parent company - Jaguar Land Rover Hero MotoCorp largest 2-wheeler OEM globally Asian Paints Titan Eyeplus Royal Enfield Cardekho and more to create immersive 3D AR experiences for their customers The company has witnessed a bootstrapped journey so far and growing organically by 3x YoY TCM Sundaram Founder Vice Chairman Chiratae Ventures said We are excited by the vision the team has to enable real life like immersive experiences in the metaverse The technology they are building continues to make strides as they add marquee names to their clientele across sectors We believe Metadome formerly Adloid has the power to fundamentally change how customers interact with brands helping brands build engaging life-like experiences As investors we are elated to partner with the Metadome team who is working to bring augmented reality experiences to your smartphones other future displays Metadome Formerly Adloid Co-founder COO Shorya Mahajan said The funding will add fuel to Metadomes research and development efforts for enhancing the core competencies We plan to add 60 people in our techproduct team to an existing team of 90 and we are inviting bright talents to join our mission of hosting 1 Billion experiences in Metadome by 2023 Metadome is uniquely positioned since it has already created a sector agnostic way of engaging users through Augmented Reality and has deep insights from empowering 30M AR experiences globally Image From the Left Prashant Sinha Co-founder CRO Metadome Formerly Adloid Shorya Mahajan Co-founder COO Metadome Formerly Adloid and Kanav CEO Founder Metadome Formerly Adloid PWR PWR

New Delhi [India], December 21 (ANI/NewsVoir): Chiratae Ventures (Formerly IDG Ventures, India), and Lenskart Vision Fund invests $4 million as part of Adloid's pre series-A funding, to fuel the next level of growth and product evolution. The round also saw participation from Easemytrip Co-founder Prashant Pitti, Seeders, and 100x Entrepreneur.