AltspaceVR raises $10.3 mil for social VR

AltspaceVR brings synchronized video in-world.

AltspaceVR brings synchronized video in-world.

AltspaceVR, which offers multi-user virtual reality software, announced that it raised an additional $10.3 million in venture capital, bringing total funding to $15.7 million.

“We’re working hard to make AltspaceVR the most natural and fulfilling way to communicate online, and the additional resources will help us get there faster,” the company said it its announcement.

The company supports the Oculus Rift, Leap Motion, and Microsoft Kinect and mirrors users’ physical gestures in the virtual environment.

The platform can be used to allow mutliple people to watch videos together, to give presentations, or for other social events.

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Maria Korolov

Maria Korolov is editor and publisher of Hypergrid Business. She has been a journalist for more than twenty years and has worked for the Chicago Tribune, Reuters, and Computerworld and has reported from over a dozen countries, including Russia and China.