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About Linden Lab
Industries
VR & AR
Consumer Software
Gaming
Company Size
201-500
Company Stage
Series B
Total Funding
$18.5M
Headquarters
Cambridge, Massachusetts
Founded
1999
Overview
Linden Lab creates immersive virtual experiences, with its main product being Second Life, the largest 3D virtual world built and expanded by its users. In Second Life, users can create, socialize, and trade virtual items, which fosters a vibrant online community. The platform operates on a user-generated content model, allowing users to create and sell virtual items in a marketplace, while Linden Lab earns revenue through transaction fees, virtual land sales, and premium memberships. This approach encourages creativity and provides a sustainable income for the company. Besides Second Life, Linden Lab has also developed other virtual experiences like Blocksworld, diversifying its offerings in the digital entertainment sector. The company's goal is to inspire more users to engage in creating and sharing digital experiences.
Simplify's Take
What believers are saying
- Increased interest in virtual real estate boosts Second Life's user engagement.
- Blockchain integration enhances digital asset security, attracting more users to Linden Lab.
- 5G expansion improves VR accessibility, potentially increasing Second Life's user base.
What critics are saying
- Tilia's acquisition by Thunes may misalign with Linden Lab's strategic goals.
- Ending 32-bit support could alienate users with older systems, reducing the user base.
- Second Life's mobile version may face technical challenges and adoption issues.
What makes Linden Lab unique
- Linden Lab pioneered user-generated content in virtual worlds with Second Life.
- Second Life's marketplace allows users to create, trade, and monetize virtual items.
- Project Sansar aims to democratize VR, expanding Linden Lab's innovative offerings.
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Funding
Total Funding
$18.5M
Below
Industry Average
Funded Over
2 Rounds
BenchmarkIndustry standards
Benefits
Health Insurance
Dental Insurance
Vision Insurance
401(k) Retirement Plan
Hybrid Work Options
Wellness Program
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↓ -2%2 year growth
↑ 0%Thunes, a cross-border payments firm, is acquiring Tilia, a payments platform with expertise in online gaming, to expand in the U.S. gaming market. The deal includes a five-year partnership with Tilia's majority owner, Linden Lab, enhancing payment options and real-time payouts for gamers. Tilia is licensed in 48 U.S. states and territories, aiming to leverage its capabilities for direct money movement solutions in the U.S. and accelerate Thunes' growth in the gaming industry.
On Monday, October 9th, Linden Lab sort-of formally launched the new Linden Homes Store for Second Life, showcasing all the Linden Home types and themes available to those users holding a qualifying subscription account (at the time of writing, Premium / Premium Plus), and which had been previously semi-previewed in a September 27th official blog post.
In an unprecedented partnership with Linden Lab's Second Life and music integration platform STYNGR, Motown is set to establish a virtual presence, allowing fans to immerse themselves in the label's rich musical heritage.
In keeping with statements made in recent user group meetings, Linden Lab has announced changes to the the Second Life minimum system requirements for both Windows and Apple MacOS operating systems which are to take effect from Saturday, July 1st, 2023.
Linden Lab created a roleplay casino experience in Second Life where residents can play the games with free daily tokens.
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About Linden Lab
Industries
VR & AR
Consumer Software
Gaming
Company Size
201-500
Company Stage
Series B
Total Funding
$18.5M
Headquarters
Cambridge, Massachusetts
Founded
1999
Linden Lab is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today