Viture, a tech start-up with a unique vision of creating a new era of immersive mobile extended reality (XR) has announced a $10 million Series A funding round.
BAI Capital led the funding round alongside Verity Ventures. Viture will use the funding to mass produce its Virtue One XR glasses as well as continue to develop portable entertainment technology.
David Jiang, co-founder and CEO of Viture said, “We are passionate about pushing toward a truly mobile era of entertainment. We appreciate our investors believing in the product and the team, this funding will help us set the standard for next-level digital entertainment for years to come.”
This round comes after the company has had a good first year with its flagship XR glasses, which are set for full retail availability in early 2023. Viture has so far secured three funding rounds within one year, bringing its overall accumulated venture capital to $15 million.
A new paradigm of interactive entertainment
“Viture offers unparalleled visual and interactive experience to the gamers, enabled by virtual reality technology, and defines a new paradigm of interactive entertainment for the cloud computing era. ”says Annabelle Long, Founding and Managing Partner of BAI Capital.“We highly value Viture team’s innovation capability and believe in the synergies with BAI’s Metaverse portfolio and Bertelsmann’s content business.”
The Viture One XR glasses also saw the company win a Fast Company 2022 Innovation by Design Award. The device comes with quite a number of features such as remote play support to stream Playstation, Steam and Xbox games from the cloud and can also connect to a Steam Deck or Nintendo Switch, allowing players to enjoy gaming anytime, anywhere.
Users can also use the XR glasses to connect to Netflix and other streaming platforms and enjoy their favourite movies and shows. Viture’s XR glasses are available for pre-order at $479.
Isa Muhammad is a writer and video game journalist covering many aspects of entertainment media including the film industry. He's steadily writing his way to the sharp end of journalism and enjoys staying informed. If he's not reading, playing video games or catching up on his favourite TV series, then he's probably writing about them.
