【TIMELINE】2023/07#2

Financing in the Metaverse sector

  • Number Crunching Wisdom Completes Tens of Millions of Yuan Financing

Recently, Number Crunching Wisdom has completed tens of millions of yuan financing, with lead investment from Tianfu Cloud. Number Crunching Wisdom is an artificial intelligence industrial inspection solution provider, focusing on AI technology services for the new energy industry. They aim to create an integrated industrial chain delivery system encompassing optics, machinery, electronics, software, hardware, and algorithms for industries such as energy, power, and liquor.

Recently, the AI protein design company Hangzhou Livenso Biotechnology Co., Ltd. announced the completion of tens of millions of yuan in angel round financing. This round was led by Kaitai Capital, with follow-up investments from Panlin Capital and Hongshi Capital, and additional funding from the seed round leading investor, ZhenFund. The financing will primarily be used for optimizing and developing the AI protein design platform, as well as supporting the construction of multiple product pipelines.

Web3 startup Zyber 365 announced on Tuesday that it has raised $100 million in Series A financing from the UK-based SRAM&MRAM group, valuing the company at $1.2 billion and making it a unicorn. In a press release, the company stated that this financing has made Zyber 365 the "fastest unicorn in Asia and the world," achieving this status in just three months. It also became the 109th unicorn in the Indian startup ecosystem.

Shenzhen Bell Information Technology Co., Ltd. (also known as Using.AI) has completed tens of millions of yuan in Pre-A round financing, with investments from Junlian Capital and Jinshan Jiang Joint Capital. The funds from this round will be primarily used for the research and development of new products and business development. Using.AI is a developer of AI intelligent operating systems for industrial and energy applications.

Recently, Mingshun Technology completed tens of millions of yuan in Pre-A round financing. This round was led by well-known investors in the industry. The funds will be mainly used to accelerate the development and market promotion of the company's AI algorithms for digital human products. Mingshun Technology is a provider of private deployment solutions for digital humans, dedicated to offering high-quality digital human technology solutions to the Chinese market.
  • "Lingao Technology" Completes Seed Round Financing in the Millions of Dollars

"Lingao Technology," a startup focused on building data pipelines and large-scale middleware, has officially announced the completion of seed round financing in the millions of dollars. The amount raised in this round is in the range of several million US dollars, with investments from Jingya Capital and Plug and Play. The company currently offers two main products: data pipeline (Vanus Connect) and large-scale middleware (Vanus AI).

NFT & Blockchain

Starbucks will launch the classic "Green Apron" NFT collection on Nifty Gateway, an NFT marketplace, on August 2. The NFT collection will be available to eligible Odyssey members at 00:00 Beijing time on August 2 and to the public at 03:00 on the same day.
The "Green Apron" is the standard uniform for Starbucks baristas, and the NFT collection aims to pay tribute to the workforce. There will be a total of 5000 NFTs in the Green Apron collection, issued on the Polygon blockchain, with each "Green Apron" NFT priced at $100. VR &  XR

 

VR &  XR &  AR

Tech journalist Mark Gurman recently wrote that third-party applications are crucial for the success of Vision Pro, but the device's high price and niche features may mean that developers will not quickly adopt it. Additionally, Apple is working on developing generative AI tools to keep up with OpenAI and other companies, and the company plans to make significant changes to how users purchase products in the Apple Store.

According to CINNO Research's statistics, China's AR consumer market sold 52,000 units in the second quarter of 2023, showing a year-on-year growth of 251% and a quarter-on-quarter growth of 19%. The AR industry is experiencing rapid growth.

Micro OLED, OLEDoS, and micro LED panel technologies are actively being developed for consumer applications and naked-eye 3D technology. According to DIGITIMES Research's latest study, these technologies are expected to become mainstream for AR/VR applications by 2030. Micro OLED is projected to be mainly used for VR head-mounted displays (HMD), while micro LED will be mainly used for AR HMD. The organization points out that currently, the sales of AR HMDs are far lower than VR HMDs, but in the long run, AR HMDs have greater growth potential.

Top

The official statement from "The Sandbox" indicates that through this collaboration, they will provide users with a brand-new immersive experience, allowing anyone from anywhere in the world to view the collections of the British Museum. The partnership between The Sandbox and the British Museum's authorized NFT platform, La Collection, will focus on developing digital collectibles and experiences showcasing the museum's history.

  • Reports Claim Long-Term Partnership with NVIDIA as AI GPU Preferred Supplier

Sources in the server supply chain reveal that the AI GPU shortage caught NVIDIA off guard, and they had to allocate shipments based on their cooperation and maximum profitability. The initial supply was prioritized to companies with the closest relationship to Huang Renxun and those that have been long-term partners with NVIDIA, such as Wistron and Quanta. Additionally, Lisa Su, the founder of AMD, has a longstanding friendship with Huang Renxun, which allowed AMD to receive shipments of GPUs like H100 first, leading to rapid growth in their performance.

At the 2023 China International AI Game Industry Conference, Shanghai Pudong New Area announced the "Several Policy Measures to Promote the High-Quality Development of Cultural and Creative Internet Platforms Industry in Pudong New Area."
Among them, they mentioned planning to invest over 10 billion yuan within five years, focusing on supporting content development and technological innovation in the gaming industry. They will provide funding of no less than 100 million yuan annually to support significant industry events and offer subsidies of up to 2 million yuan to attract cultural and creative activities to Pudong.

Elon Musk posted an explanation on Monday for renaming Twitter to "X company" and removing the famous bluebird logo. He stated that this move is to reshape the business into a broad communication and financial transaction platform, commonly referred to as the "all-purpose application," which he has mentioned multiple times before. Musk wrote, "Twitter was acquired by X company, partly to ensure freedom of speech and partly to promote the development of X, the all-purpose application. This is not just a name change to continue doing the same thing

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