The rise of augmented reality (AR) and virtual reality (VR) technology has provided a lot of opportunities for entertainment with mobile apps and videogames, but is also being used for new business propositions. Augmented Pixels, for example, is a company making AR apps that apply to the real estate industries and more, with plans to create VR apps for the Oculus Rift and Samsung Gear VR head-mounted displays (HMD) as well. Today the company has announced that it has raised some $1 million USD in seed funding.
The funding round is led by The Hive, a co-creation studio focused on building data-driven applications. As a result, Augmented Pixels will relocate to The Hive’s headquaters in Palo Alto. Investors from Steltec Capital also join the seed round. Just what the company is working on for VR HMDs isn’t clear at this point in time.
VRFocus will continue to follow Augmented Pixels’ progress in VR, reporting back with any further updates from the company.