Bubl which has created a hand-held 360 degree camera called Bublcam capable of taking spherical photos and video that can then be viewed using virtual reality (VR) head-mounted displays (HMDs). Has now announced the closure of a seed funding round at $4.6 million USD.
The funding round included Samsung Ventures, J-Tech Capital and other strategic investors, will now be followed by changes in its executive management team as preparations are made for further growth. As part of the changes, Founder and CEO Sean Ramsay will move to Founder, CINO, to enable Ramsay, to focus on the product vision and technology. While current VP of Hardware Dan Mills will serve as interim CEO. Mills will steer the company through the next stage of growth.
Ramsay said in a statement: “Bubl Technology has evolved since our initial Kickstarter campaign. The original vision was a simple to use app and a spherical camera, but now we’ve developed so much more – an entire ecosystem of hardware and software spherical technology for consumers. I’m excited to focus my skills and time on my passion, which is the product vision – bringing more strategic partnerships and technical thinking to the new ecosystem we’ve been tirelessly building over the last 13 months. Dan is such an amazing asset to this company and he will spend more of his time focusing on the future corporate trajectory of the company.”
“Bubl Technology is growing faster than we imagined, and these changes will help us continue to deliver superior spherical technology to consumers. I’ve seen this company adapt and mature throughout the years and am excited about our bright future,” said Mills.
VRFocus will be following all the current news regarding Bubl and its 360 degree Bublcam and report back.