Funding Roundup: Merge VR Raises $10M & uSens Raises $20M
Merge Labs funding came from a whole community of investors in gaming, software, hardware and retail sectors across the nation. Of those, the institutional investors included 645 Ventures, Comer Woodford Ventures, Geekdom Fund, McCabe Ventures, New Ground Ventures and Rothenberg Ventures.
Merge VR announced a distribution deal across hundreds of GameStop stores this spring and already had deals with its U.K. retail competitor called GAME." Our continuous growth and momentum validate our approach to the market and solidify our position as a player in the virtual reality space," the company released in a statement to the San Antonio Business Journal. Read more here.
Head- and hand-tracking startup uSens raises $20M Series A led by Fosun Kinzon with participation from Maison, iResearch, others; produces developer tools for creating virtual and augmented reality apps that provide physical interaction without controllers or gloves.
Usens’ tracking leverages machine learning and computer vision techniques. With the 26DOF mobile hand tracking, this solution replaces the need for peripheral devices such as game controllers or gloves. The integrated experience of natural hand and head tracking, as well as the combination of AR and VR creates a new standard of reality the team refers to as “super reality.” Read more on VentureBeat.
