ArenaX Labs Raises $6 Million in Funding

ArenaX Labs Raises $6 Million in Funding

ArenaX Labs, a Toronto, Canada-based technology company focused on teaching artificial intelligence (AI) through gaming, has raised $6 million in funding.

The round was led by Framework Ventures, with participation from SevenX Ventures, FunPlus / Xterio, and Moore Strategic Ventures.

Founded in 2019, Framework Ventures is a venture capital firm based in San Francisco, California. The firm seeks to invest in the decentralized blockchain technology sector.

The company will use the funds to further develop AI Arena, a game where human players collect AI-powered characters and train them in fighting strategies.

Founded in 2021, ArenaX Labs is a company developing AI Arena, a player-versus-player game platform, an Ethereum native game where players all over the world can purchase, train and battle NFT characters powered by artificial intelligence. ArenaX Labs is on a mission to democratize AI through fun, competitive, and groundbreaking experiences.

Funding Details

Company: ArenaX Labs Inc.

Raised: $6.0M

Round: Unknown

Funding Month: January 2024

Lead Investors: Framework Ventures

Additional Investors: SevenX Ventures, FunPlus / Xterio, and Moore Strategic Ventures

Company Website: https://aiarena.io/

Software Category: AI Gaming