Holographic telepresence startup PORTL secures USD $3 million in seed funding
Summary
November 2, 2020 – Holographic telepresence startup PORTL Inc. announced last week that it has secured a USD $3 million seed round of funding led by venture capitalist investor Tim Draper. The company’s first product, the Epic PORTL Hologram Machine allows people to “beam in” from remote locations for human sized, life-like interactive communication. “I am thrilled by what David has accomplished to date and I am excited by the prospects of a new form of communication through PORTL,” said venture capitalist and investor Tim Draper, who is known for his early investments in startups including Tesla, Skype, Coindesk, SpaceX and Twitch. Plus, in addition to live holoportation, the company can also film, produce, and edit content and play it back on a loop or through motion activation as a hologram movie. The company noted that Nussbaum has been an innovator in the holographic projection industry for over six years, and has “beamed” chat show host Jimmy Kimmel from Hollywood to the CMA Awards in Nashville three times, in addition to collaborating on projects with Universal Music Group, Universal Studios, Sony Pictures, Dior and the Ronald Reagan Presidential Library.