VR social network VTime raises $7.6 million round, preps for AR version
VTime, one of the first ever VR social networks, appears to still be going strong; the team behind the app just raised $7.6 million in a Series A round of funding.
The investment was led by Deepbridge Capital and also included U.K.-based loan and equity provider, MSIF. According to a press release, these funds will be used to “accelerate global growth and product development” as well as assist with R&D on a new AR version of the app coming later this year. No details on what to expect from that version just yet, though it’s not hard to imagine the app’s social meetups taking place on a smartphone.
If you’re not familiar with vTime, it’s pretty simple. You create a virtual avatar and meet up with friends online to chat in a range of exotic locales from cliff tops to caves. Friends can share images and even visit each other’s 360 degree photos. Unlike other apps such as AltspaceVR and Rec Room, though, vTime doesn’t allow you to move; every user remains in a seated position the entire time. That said, the app is available on a range of headsets spanning both mobile and PC categories.
This story originally appeared on Uploadvr.com[1]. Copyright 2018
Source URL:Read More The public content above was dynamically discovered – by graded relevancy to this site’s keyword domain name. Such discovery was by systematic attempts to filter for “Creative Commons“ re-use licensing and/or by Press Release distributions. “Source URL” states the content’s owner and/or publisher. When possible, this site references the content above to generate its value-add, the dynamic sentimental analysis below, which allows us to research global sentiments across a multitude of topics related to this site’s specific keyword domain name. Additionally, when possible, this site references the content above to provide on-demand (multilingual) translations and/or to power its “Read Article to Me” feature, which reads the content aloud to visitors. Where applicable, this site also auto-generates a “References” section, which appends the content above by listing all mentioned links. Views expressed in the content above are solely those of the author(s). We do not endorse, offer to sell, promote, recommend, or, otherwise, make any statement about the content above. We reference the content above for your “reading” entertainment purposes only. Review “DMCA & Terms”, at the bottom of this site, for terms of your access and use as well as for applicable DMCA take-down request.
Monitoring tools, like cookies, are in use. Continued access to this site indicates your acceptance of Cookie settingsAcceptNo
GDPR & CCPA Notices
Privacy Overview
This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
