[Funding alert] Austria-based Atlas Secures $4.5Million in Funding

Thursday 8, 2024 | By Startup Rise EU

Austria-based Atlas secures $4.5million in funding from The Austrian Research Promotion Agency (FFG). The money will be used by the company to improve its R&D projects and expand its gaming offerings in partnership with brands and game developers.

Austria-based Atlas secures $4.5million in funding from The Austrian Research Promotion Agency (FFG). The money will be used by the company to improve its R&D projects and expand its gaming offerings in partnership with brands and game developers.

Atlas is a 3D generative AI platform that works with brands and game developers to quickly create virtual environments and experiences. Ben James, the company's CEO and founder, is in charge of Atlas.

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With the aid of its range of AI tools, businesses and creators may produce unique, IP-specific assets for virtual worlds, XR experiences, and video games. The money will be disbursed over three years, starting with $608K in 2024 and going up to $2.3M in 2025 and $1.6M in 2026, depending on milestones met.

Additionally, Atlas has previously benefited from grants intended to develop AI technology in line with the 2020 agenda of the High-Level Expert Group on Trustworthy AI of the European Union.

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Ben James said: “As we chart an exciting path forward, we remain relentless in our dedication to push the boundaries of what’s possible when technology and creativity converge. Our global ambitions are made possible by our Austrian roots, and this funding is a high honor.”

About Atlas

With its state-of-the-art generative 3D AI, Atlas enables the next generation of content creators to create virtual worlds in a fraction of the time. Atlas's dedication to creating reliable AI is in line with EU regulations, which place a strong emphasis on openness, responsibility, and diversity.

Read also - Cosmic Aerospace Secures $4.5 Million in a Seed Round Funding

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