Survios, the company developing its immersive platform for virtual reality (VR) experiences, has received some $4 million USD in funding. The money comes from a range of investment companies led by Shasta Ventures, with partner Rob Coneybeer joining the Survios board. Other names attached to the funding include former Electronic Arts development director Michael Chang, World Innovation Lab’s Gen Isayama and Felicis Ventures’ Renata Quintini.
As VentureBeat reports, the money will serve as a big boost to the company, which is hoping to announce and perhaps release a consumer product next year. Its current work doesn’t have a name, but tracks the user’s physical movements using a glowing orb connected to a VR headset such as the Oculus Rift as well as a pack strapped to the user’s torso. The technology has been implemented into the company’s own line of software which includes the Zombies on the Holodeck first-person shooter (FPS).
This isn’t the first large VR-based investment seen in 2014. Of course, Facebook bought Oculus Rift makers Oculus VR for $2 billion, but we’ve also seen Virtuix and its Omni motion platform raise $3 million and VR-dedicated developers nDreams secure £250,000 GBP in funding. VRFocus will continue to follow any and all developments in the VR industry, bringing you the latest.