The round was led by Lakestar with participation from existing investors Everblue Esports, Hyperplane Management, and others. In addition, Mika Salmi, Managing Partner of Lakestar, will join Modulate's Board of Directors. The company will use the funds to expand its team and continue scaling its groundbreaking proactive voice moderation platform, ToxMod™.

Modulate's mission is to build a richer, safer, more inclusive metaverse for everyone. Its product ToxMod is the world's first voice-native moderation system. Where existing voice moderation tools focus only on the 8% of players that submit reports, ToxMod offers proactive moderation that empowers platform and game moderators to make informed decisions to protect players from harassment, toxic behavior, and even more insidious harms. Modulate has helped customers address thousands of instances of online toxicity, enabling operational efficiencies and revenue growth by creating an environment where players feel safe.