VerSe Innovation has raised $805 million in its Series J round led by Canada Pension Plan Investment Board (CPP Investments). CPP Investments has given $425 million in this financing round.
Ontario Teachers’ Pension Plan Board (Ontario Teachers’), Luxor Capital, Sumeru Ventures, and existing investors Sofina Group, Baillie Gifford, and others have also participated.
VerSe will use the funding to grow and widen its artificial intelligence (AI), machine learning (ML), and data science capabilities also to expand its offerings, monetization models, foray into Web 3.0 experiences and create an IPO scale business.