Kitely

Company Overview

Snapshot

Founded in September 2008 by Ilan Tochner and Oren Hurvitz, Kitely operates with 1–10 employees. The company provides a platform for creating virtual worlds and has achieved a significant milestone with its Kitely Market passing the 30,000 item milestone in May 2019.

Business overview

Kitely offers a platform for users to create and host their own virtual worlds, catering to various applications including training, education, and entertainment. Its core product, Kitely Market, functions as a virtual goods marketplace designed to unify the Metaverse by enabling content creators to serve avatars from a single online store. The company operates within the Business Software sector, specifically targeting industries that benefit from virtual reality, web platforms, and e-commerce tools, serving enterprises, educational institutions, and individual consumers.

Strategic signal

In May 2020, Kitely's private worlds were highlighted for their application in virtual learning, specifically in helping students develop empathy. This demonstrates the platform's utility beyond entertainment, positioning it as a valuable tool for educational institutions and signaling its potential for growth in the ed-tech and corporate training sectors.

Company Intelligence Q&A

What is Kitely Market's primary function?

Kitely Market is a virtual goods marketplace that allows content creators to sell items to avatars across the Metaverse from a single online store, aiming to unify the virtual ecosystem.

When did Kitely Market reach a significant milestone in item count?

In May 2019, Kitely Market passed the 30,000 item milestone, indicating substantial growth in its content offerings.

How does Kitely contribute to virtual learning?

In May 2020, Kitely's private worlds were noted for their application in virtual learning, specifically in helping students develop empathy through immersive experiences.

What was Kitely's standing in the OpenSim community in 2017?

In January 2018, Kitely was recognized as OpenSim's most valuable grid in 2017, highlighting its significant presence and contribution to the OpenSim ecosystem.

When did Kitely Market achieve a record in revenue?

In February 2017, Kitely Market passed $100,000 in sales, marking a record high in revenue for the platform.