Tag Archives: Virtual Reality

Unity Technologies raises $400 million

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After raising a round of $181 million in 2016, Unity Technologies, whose software tools are at the heart of Pokémon Go and other video games, announced that it had raised $400 million in a new funding round led by Silver Lake. The deal valued the company at a whopping $2.8 billion. So why is Unity Technologies attracting so much funding? Unity is one of the fastest growing game engine developers in the world today. According to the company, more than 30% of the current 1,000 top-grossing free mobile games were built with Unity software. The company boasts other impressive metrics including having 5 billion game downloads in the third quarter of 2016. Unity has also become one of the most popular platforms for creating VR worlds for both mobile and PC devices. Unity’s dominance in the VR space is one of the reasons why investors are bullish on the company.

SPACES receives $3 million initial funding

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Virtual reality and mixed reality are about to transform everyday life. Thanks to technologies being developed by VR startups like Magic Leap, Blippar and Jaunt, new visualisations where physical and digital objects co-exist and interact with one another, are now possible. Last week, VR startup SPACES received $3 million in funding led by Comcast Ventures. The company is founded by DreamWorks Animation veterans Shiraz Akmal and Brad Herman, the same executive team who led the development and creation of DreamWorks VR app, Dreamworks Color, and Oculus Rift’s Dragon VR flying experience. SPACES helps companies leverage the power of virtual reality and mixed reality. Currently, it is collaborating with Microsoft, NBCUniversal and Big Blue Bubble, among others, to produce a wide range of projects across all VR and mixed reality platforms.

You can read about the funding here.

SpaceVR raises $1.25 million

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Last year, SpaceVR used Kickstarter to fund the idea of sending a virtual reality satellite camera into space. Now the company has raised $1.25 million to finally send it into orbit. According to SpaceVR founder Ryan Holmes, its first VR satellite camera, Overview 1, will be sent to the International Space Station and launched into orbit in 2017 via a NanoRacks launcher. Once in orbit, the camera will give users immersive panoramic views of the planet and outer space, and it will allow them to see and and experience 360-degree video content. According to SpaceVR, its VR content is available for space fanatics for $35 for 12 months.

You can read about the funding here.

MindMaze’s valuation at $1.1 billion – February 17, 2016

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MindMaze, one of the top 10 healthcare companies in Switzerland, has raised $100 million in funding so it can continue to create VR devices for stroke patients. The company is now valued at $1.1 billion. A spinoff from the Swiss Federal Institute of Technology, MindMaze is considered as the world’s first multisensory computing platform. Its breakthrough technology combines virtual reality, augmented reality, neuroscience and motion capture to create a medical-grade “neural virtual reality platform.” It has a VR/AR headset called MindLeap that can train a stroke patient’s brain to regain motor function. MindLeap technology is now being used for stroke victim therapy in European hospitals.

You can read more about MindMaze here.