Connect with us

Hi, what are you looking for?

Bytes

Metaverse Startup Raises Funding From Oculus Investors

Challau aims to take on Facebook’s Meta with a metaverse for the masses

Challau, the metaverse platform which enables users without a VR headset or high-end computer to enter immersive 3D environments, has raised a pre-seed round from 7percent Ventures, whose team first backed Oculus VR.

Challau’s platform, which offers immersive 3D environments accessible on all internet-enabled devices without the need for downloading software, raised over $500K. Already since its beta launch, more than 20,000 metaverse user sessions have taken place, and the platform has experienced 28% week-on-week growth in user numbers most recently. More than 3,800 unique virtual 3D worlds have already been created by users on the Challau platform. 

The platform allows users to easily create their own 3D virtual world and up to 25 people can concurrently engage within each 3D environment supported by full-body avatars, spatial audio, real-time high-quality web graphics, avatar audio lip-sync and micro-expressions. Nearly 200 college campuses, 400 offices, and over 3,000 residential properties have been established on Challau. The platform is delivering immense value to people looking to get their first foothold on virtual properties in the Metaverse.

Founder and CEO Muhammad Zain Khawaja said, “7percent were the first investors in Oculus and have the best possible track record to understand and support Challau in its development – they really understand what this space is all about.

“The single biggest challenge that was holding back adoption of the Metaverse by billions around the world was accessibility. You would need to own a VR headset, go through a complicated setup procedure, buy a powerful computer and have ultra-fast internet speeds – that was really limiting. We’ve built our platform to work through your PC and even your smartphone – so you can carry your metaverse in your pocket at all times. This is a game-changer.”

7percent Founding Partner Andrew J Scott said, “Challau provides access to a frictionless metaverse environment, without the usability or device spec barriers to entry which 3D worlds have. The team have built some fantastic in-house technology and users love the product. We’re excited to be on the journey with the Challau team.”

As the technology develops, Challau aims to continue to expand its metaverse offering and open up new types of social, retail and branding experiences for the masses.

Written By

Steve is an award-winning editor and copywriter with more than 20 years’ experience specialising in consumer technology and video games. With a career spanning from the first PlayStation to the latest in VR, he's proud to be a lifelong gamer.

You May Also Like

Level Up

Eager to be at the metaverse frontier, but not sure how to get started? As exciting as the idea of a shared digital space...

Bytes

New blockchain gaming platform based on Unreal Engine 5.

Bytes

The record for the most expensive land sale in the metaverse has just been raised

Bytes

Voice suppression tech prevents the real world from overhearing your in-metaverse conversations

Advertisement
Advertisement

Subscribe to the future

Advertisement