The Assembly, Gunner Dev Raises $2.75 Million to Expand VR Work
UK-based developer nDreams is betting big on virtual reality (VR). The studio has at least three VR titles in development at the moment, including Gunner and Perfect Beach for Samsung’s Gear VR smartphone-based head-mounted display (HMD) and The Assembly for the Oculus Rift PC HMD and Project Morpheus PlayStation 4 HMD. It’s no wonder why the studio recently labelled itself a ‘name to be reckoned with’ in VR, then. It’s also one of the reasons that the company has just completed a new investment round, raising some $2.75 million USD/£1.75 million GBP.
The funding comes from Mercia Technologies PLC and will allow nDreams to expand its current operations, potentially growing in size and ramping up production on its projects. On top of that the team will also be looking at the possibility of publishing and acquiring other VR titles, helping other developers to bring their products to market. No specific details or deals have been announced at this point in time, however.
“We’re delighted to be strengthening our relationship with the Mercia team,” nDreams CEO Patrick O’Luanaigh said of the news, “and their support allows us to continue grow the business more quickly and to finalise our launch titles ready for all major VR headsets. We plan to expand the company significantly and will be actively exploring both publishing and acquisition opportunities in 2015.”
This is the biggest funding round for nDreams to date, having previously raised £250,000 in April 2014. In fact, it’s one of the biggest funding rounds for a VR videogame developer so far. nDreams will be heading to both the 2015 Game Developers Conference (GDC) and E3 later in the year to reveal more about its projects and plans. Expect to see more from The Assembly and its other work in the near future, then. VRFocus will continue to follow the developer’s progress, reporting back with any further updates.