Social AR/VR Workspace ‘Spatial’ Secures $14M Series A Financing – Road to VR

Social AR/VR Workspace 'Spatial' Secures $14M Collection A Financing – Highway to VR 7

Spatial, a New York-based startup behind the eponymous real-time AR/VR collaboration platform, has secured $14 million in extra financing, bringing its total funds to $22 million.

The newest funding spherical was led by White Star Capital, iNovia and Kakao Ventures, with continued participation from Instagram co-founder Mike Krieger and Zynga founder Mark Pincus. Present Spatial buyers additionally embrace the likes of Samsung NEXT, Baidu Ventures, and LG Ventures to call a number of.

Based in 2016 by Anand Agarawala and Jinha Lee, the corporate’s social AR/VR workspace has since gone on to incorporate assist for Microsoft HoloLens 2, Oculus Quest, Magic Leap 1, Qualcomm XR2, Android/iPhone cell gadget and conventional screens.

The corporate emphasizes the platform’s potential to let information employees seamlessly join via digital areas, thereby changing the necessity to journey for conferences and collaborations. Customers can chat utilizing extra lifelike avatars constructed via a fast 3D scanning course of, open browser home windows, and consider and manipulate 3D objects as in the event that they had been in the identical room collectively.

We had an opportunity to go hands-on at MWC 2019 final 12 months, and once more at CES 2020 earlier this month. Spatial has made a compelling argument for its workspace tech, and whereas it’s equally early days for the corporate and augmented actuality, it’s clear Spatial is headed in an inevitable course.

Take a look at the on-stage demo from MWC 2019 final 12 months to get a greater thought of what Spatial is all about: