Apple to Acquire Live Event Streaming Company NextVR for $100M – Road to VR

NextVR, the dwell occasion broadcasting platform for VR headsets, might quickly discover itself acquired by Apple, a report by 9to5Mac maintains, which is anticipated to be valued round $100 million.

On the time of this writing, neither Apple nor NextVR have commented on the alleged acquisition. 9to5Mac posits that the acquisition might heart on NextVR’s patented video streaming expertise.

Based in 2009, the Orange County-based startup broadcasts stereoscopic video of dwell sports activities and music to a large swath of VR headsets, together with Oculus Go, Oculus Quest, PSVR, and PC VR headsets similar to HTC Vive and Oculus Rift S. It’s distinctive promoting proposition has at all times been its means to let fan get near the motion in a approach conventional monoscopic livestreams merely can’t, i.e. by letting VR customers watch dwell occasions from the perfect seat in the home.

The corporate has come a protracted methods because it initially launched the platform on Samsung Gear VR in 2015, amassing over 40 patents and strategic broadcasting partnerships with the likes of the NBA, NHL, WWE, FOX Sports activities, Dwell Nation, and the Worldwide Champions Cup, and considerably upping its video high quality within the course of. The corporate has additionally beforehand units its sights on six levels of freedom-enabled volumetric video, greater decision output, and augmented actuality assist.

In response to CrunchBase, the corporate’s whole funding involves $115.5 million, with its newest funding, a Collection B spherical amounting to $80 million, arriving in August 2016.

The acquisition is claimed to comply with the corporate’s failure to safe a Collection C spherical in early 2019, which coincided with a layoff of 40% of its workers.