According to Foresight News, Allseated, a virtual venue display and event planning platform, has completed $20 million in equity financing and plans to spin off its Metaverse division into an independent entity. Founded in 2011, Allseated provides a collaborative space visualization platform that allows venues and planners to create virtual walkthroughs for potential customers. In 2022, Allseated completed a $15 million financing led by Trinity Capital, plans to expand from event visualization to the enterprise Metaverse, and launched the Enterprise Metaverse in May last year.