VividQ raises $7.5M Series A for spatial computing
Summary
The round was led by Foresight Group LLP and included new investors such as GameTech Ventures, and NY-based Ruttenberg Gordon Investments (RGI), as well as existing investors.VividQ creates immersive 3D and holographic visual experiences. Founded in 2017, the company is based in Cambridge, U.K. with partners and teams in the U.S. and Japan.Spatial computing is rapidly growing as a consumer category, driven in part by the release of the Apple Vision Pro headset and advancements in generative AI from organizations such as Meta, which are pushing the extended reality (XR) industry beyond gaming to deliver immersive experiences across sports, entertainment, and everyday activities such as driving, said Darran Milne, Founder and CEO of VividQ.He added: While some of the biggest brands are navigating significant technical challenges to achieve mass consumer adoption, VividQs technology provides the solutions they need to deliver consumer-grade immersive experiences. Not only are we defining human-machine interaction beyond the headset, making science fiction a reality, but we are also setting the standard for the future of holographic display technology. "Following the companys success in serving original equipment manufacturers (OEMs), across gaming and automotive clients in Japan and the U.S., it intends to hire a U.S. lead and open a U.S. office in the coming year. "VividQ has accelerated the commercialization of their breakthrough computer-generated holography technology and is well placed to capitalize on the next generation of AR/VR hardware," said Chris Wiles, Investment Director at Foresight Group.