AI Startup Inworld Raises $50 Million
According to reports on August 3rd, video game developer Inworld AI announced it has completed its latest funding round, bringing the company's total valuation to $500 million. While previous reports suggested the funding amount was $30 million, an Inworld AI spokesperson confirmed the figure actually exceeds $50 million.
According to reports on August 3rd, video game developer Inworld AI announced it has completed its latest funding round, bringing the company's total valuation to $500 million. While previous reports suggested the funding amount was $30 million, an Inworld AI spokesperson confirmed the figure actually exceeds $50 million.
The funding round was led by Lightspeed Venture Partners, with participation from Stanford University, Samsung Next, and strategic investors including Microsoft's M12 fund, Eric Schmidt's First Spark Ventures, and LG Technology Ventures.
Last year, Inworld was one of six companies focusing on augmented reality, NFT, and artificial intelligence projects selected to participate in the 2022 Disney Accelerator program.