202114 Jan
Kuato Studios raises $4.5 million as it launches VR title Panic Room
Type
Funding Rounds
Funding
202114 Jan
$6.16MOthers
Source
Pocketgamer
Summary

"We are thrilled to continue our close relationship with Kuato Studios at this exciting time when they are developing the Actor/Director platform for VR," said Horizon Ventures Teddy Chatjaval. We are incredibly excited to be launching this game as part of our ambition to shift into the VR market," said Kuato Studios managing director Mark Horneff. "In the current circumstances where interactions are at arms length and done remotely, we wanted to offer gamers the chance to escape but stay connected with friends and family, and also open the platform up to third-party developers to use as well. Panic Room is an internet-based experience which can be played over Zoom or with two individuals in close proximity – a concept we will apply to other developments to support family connectivity." Our vision is to test out the technology with Panic Room and then extend it to our library of games, which align with Kuatos education-driven ethos where children can learn and play, whilst parents, carers or teachers can oversee gameplay."

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