Foresight News: Allseated, a virtual venue visualization and event planning platform, has raised $20 million in equity financing, according to TechCrunch. The company also announced plans to spin off its metaverse division into a separate entity.

Founded in 2011, Allseated provides a collaborative space visualization platform that allows venues and planners to create virtual walkthroughs for potential clients, including tools for building 360-degree views of buildings and designing floor plans. In 2022, Allseated completed a $15 million funding round led by Trinity Capital and expressed interest in expanding from event visualization to the corporate metaverse. The company launched its corporate metaverse in May last year.