Glo Inc. introduced immediately that they’ve secured $3M in seed funding from Alibaba, CRCM Ventures, Presence Capital, Mindworks, and unnamed angel traders. The funding can be used to speed up growth of its proprietary VR system, Glostation, which can also be now being licensed by IMAX for its VR leisure facilities.
The VR trade has a number of verticals. On the one hand you’ve obtained the patron know-how angle with gadgets such because the Oculus Rift, HTC Vive, and PSVR that function plenty of video games and leisure apps. There’s additionally the enterprise angle for instructional makes use of, hospitals, and different companies. Then going past all of which might be the location-based leisure facilities, VR arcades, and different venue-based implementations of the know-how.
Glo Inc. is an organization with their arms in just a few completely different pots. For instance, we reviewed one among their debut VR video games final 12 months, Unearthed Inc., however now that is VR on a a lot bigger scale.
The first IMAX VR expertise to make use of the Glostation know-how would be the zombie-themed recreation Deadwood Mansion, which is slated to hit the Los Angeles IMAX Center first, adopted by New York and different places afterwards.
“GloStation is a extremely interactive, social and thrilling digital actuality expertise – making it an ideal match for IMAX’s location-based VR centres,” stated Rob Lister, Chief Business Development Officer at IMAX Corp. in a ready assertion “Customer suggestions on the Deadwood Mansion VR expertise at our centre in Los Angeles has been incredible, and we stay up for working with Glo Inc. to deliver GloStation to different IMAX VR Centres world wide.”
Glostation-powered VR arcades will be a part of the ranks of different location-based venues, akin to The Void, as premiere locations for “wharehouse-scale” VR gaming.
“We opened our showroom in Hong Kong late June, and for the following 100 days, we had been 100% bought out every single day,” stated Steve Zhao, CEO of Glo Inc. in a ready assertion. “Weekend tickets are actually reserving months upfront into 2018. Now, with this new funding, we can scale our proprietary free-roaming VR system GloStation to cities globally. We’re delighted to be working with IMAX to introduce our expertise to their world-class VR centres.”
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