Tag Archives: VR

SPACES receives $3 million initial funding


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.

Razer’s valuation at $1.5 billion – February 22, 2016


Razer, a gaming technology company based in California, has recently raised $75 million from Digital Grid. Razer is a Chinese subsidiary of Hangzhou Liaison Interactive and this transaction valued the company at $1.5 billion. According to reports, the funding is part of a much larger Series C investment. In 2014, the company received funding from Intel and this valued the company at $1 billion. The latest funding received from Digital Grid, which has been investing in startups specialising in smart devices and VR, will set the tone for Razer’s future direction. Razer specializes in creating peripheral gaming items like mouse controllers, keyboards, laptops, games consoles, webcams and wearables. Its most popular product is the Stargazer webcam, which uses Intel RealSense technology to boost the video experience with artificial intelligence. The webcam is able to detect a gamer’s motion and immerses the user deeper into the game.

You can read about Razer’s latest round here.