Hypersonic Laboratories, the development company behind the HELIX metaverse platform, announced the completion of a $7 million Series A financing round, led by Play Ventures and with participation from AppWorks, WTIC, KB Investment, and Alex Ekvall. The new funds will be used for further development of Helix. It is reported that Helix will launch a closed alpha test version later this year, aimed at promoting the creation of role-playing game modules and servers. Hypersonic Laboratories previously built the H.E.L.I.X. metaverse and raised $3.5 million in financing in 2022, also led by Play Ventures.

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