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nitkraft ventures – RE3W.IO https://re3w.io Web 3 Gaming News Thu, 09 Feb 2023 04:46:58 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://re3w.io/wp-content/uploads/2022/06/cropped-6257123555f2839a6f5124cd_re3w-p-500-32x32.png nitkraft ventures – RE3W.IO https://re3w.io 32 32 Latent Technology Raised $2.1 Million Led By Spark Capital, Root Ventures and Bitkraft Ventures https://re3w.io/2023/02/09/latent-technology-raised-2-1-million-led-by-spark-capital-root-ventures-and-bitkraft-ventures/ https://re3w.io/2023/02/09/latent-technology-raised-2-1-million-led-by-spark-capital-root-ventures-and-bitkraft-ventures/#respond Thu, 09 Feb 2023 04:46:56 +0000 https://re3w.io/?p=2766 Latent Technology raised $2.1 million led by Spark Capital, Root Ventures and Bitkraft Ventures. The London-based startup was founded last November 2022 by AI gaming veterans Jorge del Val (CEO) and Jack Harmer (CTO). Latent Technology developed a technology dubbed “Generative Physics Animation”. Both previously worked at Electronic Arts and Embark Studios.

The funding will go towards helping to build the next-generation animation technology for virtual worlds and game characters. The startup uses AI-based animation technology and real-world physics to enable virtual world characters to move in physically accurate real-time, in contrast to today’s tech where characters are loaded with thousands of hand-crafted animations.

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