The company - which is being spun out of Hypergiant Sensory Sciences , a division of AI tool developer Hypergiant Industries - develops technology that combines deep learning and internet of things (IoT) inside of a 4D environment to give organizations the ability to observe their organization's physical space and then, analyze and learn from their physical surroundings in ways that were otherwise impossible.
"We are creating one of the most powerful manifestations of AI yet," says Dave Copps, CEO of Worlds. "An AI-driven automation platform for physical environments."
In what the company says is a first-of-its-kind extended reality (XR) environment for "active physical analytics," live AI-powered models are created of the real world that have the potential to enable companies to achieve higher levels of automation, increase efficiency, enhance safety and security, raise productivity, and dramatically lower costs. Multiple cameras are used to track spaces in 3D over time, and the AI models are used to find unusual patterns within and across locations.
According to reports, the XR market is expected to grow to more than $209 billion in the next four years. This, says the company, points towards a significant opportunity for it to capitalize on a rapidly growing and emerging space.
The funding round was led by Align Capital with additional investment from Chevron Technology Ventures (CTV), Piva, and Hypergiant Industries.
Barbara Burger, CTV President says, "Our investment in Worlds reflects our belief that digital innovation plays a critical role in accelerating business value at Chevron. CTV evaluates digital technologies that can help Chevron make better and faster decisions to enable us to deliver on our mission to produce reliable, affordable, and ever-cleaner energy."
"We are excited about the support from Chevron and our other investors," says Chris Rohde, COO of Worlds. "This investment will allow us to continue our high rate of growth. What we are creating has the potential to revolutionize major industries and by