MAI Labs, a deep tech company specialising in innovative, immersive and regulatory technologies, introduced MayaaVerse, a platform designed to revolutionise human interaction and creativity within virtual environments.
MayaaVerse leverages artificial intelligence (AI) to create unparalleled virtual immersion. This technology aligns with a growing trend, as a report by McKinsey predicts the immersive tech domain to generate up to USD 5 trillion by 2030 across consumer and enterprise applications. Significant investments are already underway, suggesting a potential revolution in both commercial and personal spheres.
Additionally, MAI Labs has secured over USD 17.5 million in funding from global investors, with the company currently valued at USD 250 million. They are seeking an additional USD 50 million at a valuation of USD 500 million.
“MayaaVerse represents a significant milestone for MAI Labs,” stated Tapan Sangal, Lead Visionary at the company. “Our mission is to redefine human-computer interaction and unlock creativity within immersive environments. MayaaVerse represents the next stage of interaction, offering a seamless fusion of the physical and digital worlds.”
“Our goal is to revolutionise the creator economy by providing an innovative platform that empowers creators to develop, collaborate and monetise their digital content in new and transformative ways using immersive technologies and AI. Given the immense potential we see, we are confident in our decision to make a significant investment in this technological arena,” Sangal added.
MayaaVerse offers several key features, including immersive virtual reality technology that utilises advanced VR and AI to create photorealistic environments, seamlessly blending the digital with the physical world. In addition, the innovative Render Stream Technology allows users to experience this photorealistic content without requiring high-end systems. This enables the streaming of high-quality virtual environments to any device with basic hardware and internet connectivity, ensuring accessibility for a broad range of users.
At the core of MayaaVerse lies MAICity, a virtual realm spanning a vast 100 square kilometres and encompassing 17,000 interconnected worlds. This meticulously detailed virtual city is built to true scale and features a variety of spaces, including architectural marvels, universities, retail hubs, educational facilities and entertainment venues.
Further, MAICity is designed as a dynamic, user-directed environment where experiences are carefully curated, allowing users to navigate and choose their own paths of exploration. This vibrant virtual city embodies MAI Labs’ vision of creating the next iteration of the internet, where every interaction fosters discovery and innovation.