COMPANY PROFILE

Somnia Network

Somnia focuses on enabling fluid navigation for users across multiple virtual experiences and providing creators with tools to innovate and collaborate on content easily

Brisbane, AustraliaFounded 2024Other B2B Software

Valuation $50–100M Last recorded · 2024

Headcount <100 Current team size

Total funding $10–50M Disclosed equity funding

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About Somnia Network

Somnia, initiated by the Virtual Society Foundation, is focused on unlocking the potential of the metaverse by creating a decentralized and interoperable digital ecosystem. The project aims to ensure that all elements within the metaverse, including people, places, and things, are on-chain and composable, thereby preventing control by a single mega-corporation and ensuring value flows to participants. Somnia's ecosystem includes a high-performance Layer 1 blockchain, a protocol for interoperable content, and a consumer-facing metaverse browser. Supported by Improbable, the project is in its early stages and anticipates community-driven modifications. Somnia serves creators and participants in the metaverse, operating within the digital content and blockchain markets. The business model likely involves leveraging blockchain technology to facilitate transactions and interactions within the metaverse, potentially generating revenue through transaction fees or partnerships.

MoreLess Source: Dealroom company data

At a glance

Status: Operational
Founded: 2024
Headquarters: Brisbane, Australia
Employees: 56
Open positions: 2
Dealroom signal: 56.7/100
Industry: Enterprise Software
Sector: Other B2B Software
Technology: Blockchain
Business model: SaaS
Client focus: b2c
Links: Website LinkedIn X

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Funding history

1 recorded event

Company financing events and reported valuations.

Deal type	Date	Amount	Valuation	Investors	Source
EARLY VC✓Equity / VC	Dec 2024	$15M	$60M	Undisclosed	↗

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Growth signals

Somnia Network website traffic

Latest recorded traffic for Somnia Network is 62K monthly website visits, down 38% over the last three months.

Latest monthly visits62K 3-month web change-38%

Monthly website visitsNov 2024–Jul 2026

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Open positions

Openings linked to this company in Dealroom

Senior Infrastructure EngineerCity of Brisbane, Queensland, Australia · Human Resources · Jul 2, 2026

1 distinct opening shownExplore hiring signals →

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