# Altered State Machine

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/altered-state-machine

- Industry: Internet
- Headquarters: Auckland, New Zealand
- Website: www.alteredstatemachine.xyz
- Latest round: Seed (Mar 10, 2022)
- Investors on record: 14

## About

Based in Auckland, New Zealand, and founded in 2021, Altered State Machine Ltd operates as an artificial intelligence-based metaverse company that offers a platform and protocol which any developer can build on it. The company was founded by its CEO David McDonald. In March 2022, Altered State Machine Ltd raised seed funding led by TCG, 6th Man Ventures, and AirTree Ventures. As of 2021, the company is having an employee count of hundred staff members.

The firm provides an ecosystem that offers an artificial intelligence-based avatar called an agent. The agent is having two parts which were the brain and the avatar which are interchangeable. It offers the users to train their agents and allows them to perform activities in the open metaverse. The ecosystem also offers a training gym for artificial intelligence and allows users to own and trade using the non-Fungible token mechanism.

## Funding rounds

- Seed, Mar 10, 2022 — Warner Music Group Corp., TCG, AirTree Ventures, Muse Capital, Outlier Ventures, Coinbase Ventures, Digital Asset Capital Management, Delphi Digital, Raised in Space, Blockchain Founders Fund, 6th Man Ventures, Flamingo DAO, LLC, Dialectic AG, Quandefi

## Investors

- Warner Music Group Corp. — Seed
- TCG (https://capitalatlas.ai/funds/tcg) — Seed
- AirTree Ventures (https://capitalatlas.ai/funds/airtree-ventures) — Seed
- Muse Capital (https://capitalatlas.ai/funds/muse-capital) — Seed
- Outlier Ventures — Seed
- Coinbase Ventures (https://capitalatlas.ai/funds/coinbase-ventures) — Seed
- Digital Asset Capital Management (https://capitalatlas.ai/funds/digital-asset-capital-management) — Seed
- Delphi Digital — Seed
- Raised in Space — Seed
- Blockchain Founders Fund (https://capitalatlas.ai/funds/blockchain-founders-fund) — Seed
- 6th Man Ventures (https://capitalatlas.ai/funds/6th-man-ventures) — Seed
- Flamingo DAO, LLC — Seed
- Dialectic AG — Seed
- Quandefi — Seed