Ultiverse announced that it has received $4 million led by new investor IDG Capital Partners Co., Ltd. on February 14, 2024. The transaction included participation from Manta Ray Labs Inc., ZetaChain, Morningstar Ventures, Polygon Ventures, Animoca Brands Corporation Limited, Taiko, DWF Venture and Jacob KO. The company raised money at a post money valuation of $150 million.