Lighthouse Labs to build a search engine for the metaverse

Montreal-based Lighthouse Labs announced on May 11 that it had secured funding of C$9.1M to build a search engine for the metaverse. The company will use the funds raised to expand its team, expand its partnerships with virtual worlds and continue the development of its platform, which is scheduled to launch in the summer of 2022.

This seed round of financing was led by Accel, BlockTower and Animoca Brands. It includes participation from White Star Capital, Sparkle Ventures, Gemini Frontier Fund, The Graph core developers StreamingFast, Tiny VC and angels including Patricio Worthalter (founder, POAP),  Ryan Selkis (founder, Messari), Alex Svanevik (founder, Nansen), Thibault Launay (founder, Exclusible) and other high profile Web3 investors.

The metaverse is growing rapidly, and some of the biggest virtual worlds like The Sandbox, Decentraland, and Otherside sell hundreds of millions of dollars worth of land. In order to meet growing user demand and take advantage of a market expected by Grand View Research to reach US$850 billion by 2030, many virtual worlds have recently been created. With more than 50 worlds available today, the number of visitors to the metaverse increases rapidly, which causes significant challenges for users and creators who find themselves ill-equipped to choose which world to explore and develop, said Lighthouse.

Founded by Jonathan Brun and Justine Massicotte, Lighthouse seeks to solve this problem by simplifying discovery and mobility across the spatial web. Its platform, which will launch this summer, will enable users to search for places, events, creators, experiences, and even friends across and within virtual worlds.

“If you are curious about the metaverse and don’t know where to start, Lighthouse will be the place to go”, said Jonathan Brun, CEO of Lighthouse. “By building Lighthouse, we take the view that siloed worlds will eventually merge to become closer to the web.”

Beyond search, Lighthouse will offer a portal where users will be able to see trending activities, build groups of friends to explore the metaverse, see where their NFTs are usable and follow the work of specific brands and creators.

Would you recommend this article?


Thanks for taking the time to let us know what you think of this article!
We'd love to hear your opinion about this or any other story you read in our publication.

Jim Love, Chief Content Officer, IT World Canada

Featured Download

Renaud Larue-Langlois
Renaud Larue-Langlois
Half journalist, half IT Manager, full technology nerd. After a 25+ year career in IT, becoming a writer was a natural choice for Renaud. It literally runs in his family. His areas of interest are... anything, as long as it's technology-related. He can be reached at [email protected]

Featured Articles

Cybersecurity in 2024: Priorities and challenges for Canadian organizations 

By Derek Manky As predictions for 2024 point to the continued expansion...

Survey shows generative AI is a top priority for Canadian corporate leaders.

Leaders are devoting significant budget to generative AI for 2024 Canadian corporate...

Related Tech News

Tech Jobs

Our experienced team of journalists and bloggers bring you engaging in-depth interviews, videos and content targeted to IT professionals and line-of-business executives.

Tech Companies Hiring Right Now