Paris-based virtual and augmented reality company, Lynx, has raised $4 Million in Series A funding. The funding round was led by Somnium Space and followed by early supporters of Lynx, with participation of other investors involved in the AR/VR field such as ex-Meta and Google engineers.
Somnium’s Founder & CEO Artur Sychov joins the board of directors of the company. He said, “We truly believe in the future of open and decentralised Metaverse which empowers its users. This includes, not only software, but also very importantly hardware. The Lynx team led by Stan has created an extraordinary AR/VR device (Lynx-r) with openness in mind which will change and revolutionise the way we all think and interact with this market category. I am very happy to support this company and believe that together we will push the boundaries and potential of the VR/AR industry forward.”
Stan Larroque, founder and CEO of Lynx said, “We have this opportunity right here to create the European Champion of Mixed Reality with our work at Lynx, supported by a vibrant community of users and developers desperate to see alternatives to Big Tech companies products and their closed ecosystems.
What’s the point of creating a European metaverse if the underlying platform, the door we use to access it, remains in the hands of the same big players with their damaging business models?”
Lynx previously smashed its £255,222 Kickstarter goal in just 15 hours last October.
This article was first published on TheVirtualReport.biz.