Edgybees raises $9.5 M Series A for its aerial video augmentation service

Edgybees raises $9.5 M Series A for its aerial video augmentation service

Edgybees, a company that helps services, initially responders and military users accurately geotag and enhance their aerial video streams in real time, today revealed that it has actually raised a $9.5 million Series A round. The news comes practically exactly two years after the business announced its $5.5 million seed round. Seraphim Capital, which focuses on […] , a business that assists businesses, initially responders and military users accurately geotag and enhance their aerial video streams in real time, today revealed that it has actually raised a $9.5 million Series A round.”Our mission is to ensure positive human outcomes throughout life-saving missions,” says Edgybees co-founder and CEO Adam Kaplan. Using the company’s Visual Intelligence Platform, users can quickly register and track assets in video shot by a drone. Seraphim managing partner and CEO Mark Boggett kept in mind that he thinks of Edgybees as a Google Maps merged with live video. …

TouchCast raises $55M to grow its blended reality-based virtual occasion platform

TouchCast raises $55M to grow its blended reality-based virtual occasion platform

Occasions — — when they have not been cancelled entirely in the last 12 months due to the international health pandemic — — have gone online and virtual, and a wave of startups that are assisting individuals develop and participate in those experiences are seeing a rise of attention — — and financing. In the most recent advancement, New York […] “We have created a platform so that all business can create occasions like Apple’s,” Segal stated. With TouchCast, individuals (the organizers and the onstage participants) still utilize basic videoconferencing options like Zoom and Teams– in their houses, even– to produce the action. And in addition to the actual occasion, TouchCast then likewise supplies tools for audience members to participate with concerns and to chat to each other.”Digital interruption, distributed labor forces, and client experience are the driving forces behind the need for business to change how they do organization and move towards the future of work,” said Tom Lounibos, managing director, Accenture Ventures, in a declaration. “For organizations to harness the power of virtual experiences to deliver service effect, the pandemic has actually shown that quality interactions and insights are needed….

Holographic startup Envisics partners with Panasonic to fast-track in-car AR tech

Holographic startup Envisics partners with Panasonic to fast-track in-car AR tech

Envisics founder and CEO Dr. Jamieson Christmas launched the startup 3 years ago to “transform” the in-car experience with its holographic innovation. Now, it has a partner that could assist it attain that mission. The U.K.-based holographic technology start-up said Friday it reached an arrangement with Panasonic Automotive Systems to jointly establish and commercialize a [advertise a l_square_b and develop … …] Envisics’ innovation, the foundation of which came out of Christmas’ PhD studies at Cambridge University more than 15 years earlier, digitally controls the speed of light. Christmas said this brand-new agreement intends to integrate Panasonic’s expertise in optical design and its global reach as a Tier 1 provider with Envisics’ innovation to bring holography into the mainstream.”This is really much about part of our business strategy, you know the Series B financing round we carried out was about scaling the business and allowing us to move forward as we enter the market,” Christmas stated. What that implies, Christmas said, will be head-up display screens with high resolution, wide color gamut and large images that can be overlaid upon truth.

Niantic purchases competitive gaming platform Mayhem

Niantic purchases competitive gaming platform Mayhem

Pokèmon Go developer Niantic has acquired a small SF video gaming startup developing a league and tournament company platform to assist players create their own neighborhoods around popular titles. Mayhem was in Y Combinator’s winter 2018 batch and went onto raise $5.7 million in funding according to Crunchbase. Other backers consist of Accel, which led the startup’s […] The start-up’s focus has actually shifted quite a bit because its initial YC debut, when it revealed a service called Visor that would evaluate video of esports gameplay and coach users on how they could enhance their performance. Pokèmon Go continues to be Niantic’s money cow though the business hasn’t seen the exact same levels of viral success with subsequent releases where natural development hasn’t been rather as simple to come by. …

BadVR is using government grants to develop a business that’s independent of equity capital

BadVR is using government grants to develop a business that’s independent of equity capital

When the Los Angeles-based extended reality information visualization company BadVR initially heard that one of its earliest benefactors, Magic Leap, was about to shed 1,000 jobs and was defending its life, the young start-up was unfazed. In spite of the very public ties that BadVR needed to Magic Leap, as one of the enterprise applications on […] That’s how BadVR got many of its $3.5 million in funding.

A headset capture of BadVR’s climate environment application, built constructed the Magic Leap One headset. BadVR uses enhanced and virtual reality tools to visualize geospatial data for a range of government and commercial applications. The visualization work that BadVR does isn’t necessarily all geo-spatial. …

Jio Platforms backs SF-based AR video gaming start-up Krikey

Jio Platforms backs SF-based AR video gaming start-up Krikey

Jio Platforms, the biggest telecom operator in India and which has raised over$20 billion from Facebook, Google and other high-profile investors this year, is leading a financing round of a San Francisco-based start-up that develops augmented reality mobile video games. Jio has led the Series A fundraise of Krikey, established by siblings Jhanvi and Ketaki […]
They did not reveal the size of Krikey’s Series A round, however Jio said Krikey has raised$22 million to date. Jio also did not share who else took part in Krikey’s brand-new round. In a declaration, Akash Ambani, director of Jio, said,”Krikey will inspire a generation of Indians to embrace Augmented Truth. We have reached out to Jio and Krikey for more details. …

Hover secures $60M for 3D imaging to examine and repair residential or commercial properties

Hover secures $60M for 3D imaging to examine and repair residential or commercial properties

The U.S. home market has proven to be more resistant than you might have presumed it would be in the midst of a coronavirus pandemic, and today a startup that’s built a computer system vision tool to assist owners assess and fix those homes more easily is revealing a substantial round of financing as it sees […] A.J. Altman, Hover’s founder and CEO, informs me that in 2016 the start-up was making some $1 million in revenues. Hover was established in 2011 and first made its name with homeowners and the sole-trader and small business contractors working on their houses fixing roofings and fixing other parts of their structures. A professional utilizing the Hover app might set up a system where these pictures, in turn, could be utilized to automatically produce priced out quotes, with costs of material and timings for work, for their potential customers.”It’s essential to us that we offer our clients with the finest possible experience, and Hover’s technology helps us to do that by producing an easier, faster and more transparent claims procedure,” stated Nick Seminara, executive vice president and chief claims officer of Travelers, in a statement. Longer term, there are a number of locations where you might picture Hover’s technology to apply….

Do You Need to Develop New Shopping Experiences for Your Clients? Augmented Reality Can Assist You.

Do You Need to Develop New Shopping Experiences for Your Clients? Augmented Reality Can Assist You.

This is a service that enables including digital elements to the real world, creating a brand-new dimension where there is no pandemic. Are you already using it? Do You Need to Produce New Shopping Experiences for Your Customers? Enhanced Reality Can Assist You., the restrictions on interaction and the number of people within stores, have exponentially promoted technologies that propose services and change the shopping experience of customers.

7 financiers go over augmented reality and VR start-up chances in 2020 888011000 110888 For all of the financiers preaching that increased reality innovation will likely be the successor to the modern mobile phone, today, the majority of venture capitalists are still quite careful to back AR plays. The reasons abound, but all tend to circle around the idea that it’s prematurely for software application and too expensive to try to take on Apple or Facebook on the hardware front. Couple of areas were frothier in 2016 than virtual reality, but most VCs who gambled on VR following Facebook’s Oculus acquisition failed to strike it abundant. In 2020, VR did not get the shelter-in-place usage bump many had actually expected largely due to provide chain issues at Facebook, however VCs hope their brand-new less expensive device will spell advantages for the startup environment. To get a much better sense of how VCs are looking at enhanced truth and virtual truth in 2020, I connected to a handful of financiers who are keeping a close watch on the industry: Some investors who are bullish on AR have decided to concentrate on virtual reality for now, believing that there’s a good amount of crossover between AR and VR software, and that they can make safer bets on VR start-ups today that will have the ability to benefit from AR hardware when it’s introduced. “Besides Pokémon Go I do not believe we have seen the engagement numbers needed for AR,” Boost VC financier Brayton Williams tells TechCrunch. “Our company believe VR is still the biggest long-term opportunity of the 2. AR matches the real life, VR produces unlimited brand-new worlds.” The majority of the investors I got in contact with were still relatively active in the AR/VR world, but numerous still disagreed whether the time was ideal for VR start-ups. For Jacob Mullins of Shasta Ventures, “It’s still early, however it’s no longer prematurely.” While Gigi Levy-Weiss of NFX states that the marketplace is “sadly not happening yet,” Facebook’s Quest headsets have actually shown pledge. On the hardware side, the ghost of Magic Leap’s formerly hyped magnificence still looms big. Few investors are interested in making a hardware play in the AR/VR world, keeping in mind that start-ups don’t have the resources to compete with Facebook or Microsoft on a large-scale rollout. “Hardware is so capital intensive and this entire market depends on the big gamers continuing to buy hardware development,” General Catalyst’s Niko Bonatsos informs us. Even those that are still bullish on startups making hardware bets more specific niche audiences acknowledge that life had gotten harder for ambitious founders in these spaces, “the incredible flare-outs do make it harder for companies to raise big amounts with long item release horizons,” investor Tipatat Chennavasin notes. Actions have actually been modified for length and clearness. Niko Bonatsos, General Catalyst What are your general impressions on the health of the AR/VR market today? Because of the Oculus community, we’re seeing some progress in VR and some of that is occurring. They continue to improve the hardware and have a growing brochure of material. I believe their onboarding and intake experience is very consumer-friendly which’s going to continue to help with adoption. On the customer side, we’re seeing some companies across video gaming, physical fitness and efficiency that are making and retaining their audiences at a reputable rate. That wasn’t happening even a year ago so it may be partially a COVID lift but routines are forming. The VR bets of numerous years ago have largely had a hard time to pan out, if you were to make a startup financial investment in this area today what would you require to see? Business to view are the ones that are producing cool experiences with mobile as the first entry point. Wave VR, Rec Room, VRChat are making it truly simple for consumers to get a taste of VR with gadgets they already own. They’re not dealing with VR as just another gaming peripheral however as a method to develop very cool, typically celebrity-driven, material. These are the sort of innovations that makes me optimistic about the VR classification in basic. The majority of financiers I talk with appear to be long-term bullish on AR, however are reticent to buy an explicitly AR-focused start-up today. What do you wish to see prior to you make a play here? In both AR/VR, a creator requires to be both very ambitious however patient. They’ll require to be versatile in believing and available to pivoting a couple of times along the way. Product-market fit is always crucial but I wish to see that they have a prepare for consumer retention. Enjoyable to attempt is terrific, habit-forming is far better. Video gaming continues to do pretty well as a category for VC dollars but it ‘d be interesting to see more founders take a look at making IRL sports experiences more immersive or determining how to boost remote meeting experiences with VR to repair Zoom fatigue. There have been a few incredible flare-outs when it pertains to AR/VR hardware financial investments, is there still a start-up opportunity in AR/VR hardware? Hardware is so capital intensive and this whole market is dependent on the big gamers continuing to invest in hardware development. Facebook and Microsoft appear to be the primary business happy to spend here while others have actually pulled back. Maybe the very first genuine mainstream advancement AR/VR customer experience isn’t visual if we broaden our thinking for a minute. For VR, it may be the mobile experiences. For AR possibly AirPods or AirPod-like devices are the ideal entry point for customers. They remain in millions of people’s ears currently and who does not want their own special-agent-like earpiece? That’s where creators may find some chance. Tipatat Chennavasin, The Endeavor Truth Fund

For all of the investors preaching that augmented reality technology will likely be the successor to the modern smartphone, today, most venture capitalists are still quite wary to back AR plays. The reasons are plentiful, but all tend to circle around the idea that it’s too early for software and too expensive to try to […] …

Enhanced truth startup Mira announces $10M more in financing from Sequoia and others

Enhanced truth startup Mira announces $10M more in financing from Sequoia and others

The last couple of years have not proven too friendly to hardware business in the enhanced truth world. Enterprise-centric efforts like ODG, Daqri and Meta flared out, Magic Leap raised huge quantities of cash just to scale back its dreams this year in the face of looming catastrophe and almost every other hardware player has actually suffered […] Enterprise-centric efforts like ODG, Daqri and Meta flared out, Magic Leap raised huge amounts of cash only to scale back its dreams this year in the face of looming catastrophe and just about every other hardware gamer has actually suffered some kind of an identity crisis. Back then, Mira pitched its device as a Google Cardboard for AR, something that could offer people a lightweight introduction to the world of enhanced reality. The company’s Prism Pro headset sidesteps the technical complexity that has actually been a significant stumbling block for previous entrants in the space that have struggled with their devices holding up in the field.”I can’t validate this due to the fact that I do not work at Magic Leap, however we have actually onboarded more customers to our platform that are using our device every single day than companies like Magic Leap that have raised actually hundreds of times our financing,” CEO Ben Taft tells TechCrunch. …