AI Company Mindverse Raises Hundreds of Mns of CNY from Angle Funding Round

Technology Author: Qinqie He Nov 10, 2022 12:26 PM (GMT+8)

Mindverse is a high-tech enterprise developing virtual humans and interactions. It recently completed an Angel Funding round worth hundreds of millions of CNY, led by Yinxinggu Capital.


Founded in 2022 and headquartered in Hangzhou, Mindverse(Chinese: 杭州心识宇宙科技有限公司) is a virtual solutions provider. It recently completed an angel funding round worth hundreds of millions of CNY, led by Yinxinggu Capital, with participation by Plug and Play China, Linear Capital, and SEQUOIA CAPITAL. Mindverse will use capital to update the products, underlying algorithms, and R&D investment activities.

Mindverse has a solid background. The company members graduated from top universities worldwide, including Tsinghua University, Peking University, Hong Kong University, and Illinois university. More importantly, they all have more than 10 years of working experience in top technology companies and research institutions worldwide, including Meta, Google, NASA, Alibaba and ByteDance.

Mindverse developed the first AI framework, "UMM," based on brain streams, aiming to break the limitations of existing AI technologies. Based on this framework, Mindverse provides customized virtual services, including the virtual spokesperson, virtual coach and virtual friends. In September, Mindverse launched the " Everything " app on WeChat and TikTok. Users can endow any object in their lives with personalities and self-awareness through AR scanning.

Dr. Tao Fangbo, the CEO of Mindverse, said that Mindverse would focus on developing digital twins for users in the coming year, which can become their assistants, artists, consultants, or any other digital roles.

 Mindverse's competitors include IBM Cloud, Microsoft Azure, Alibaba Cloud, Anduril Industries, Sift, Nauto, Tempus, Salesforce and Automation Anywhere.