philip lelyveld The world of entertainment technology

7Feb/16Off

Wevr raises $25 million, will launch new virtual reality platform

Virtual reality company Wevr raised $25 million from investors including  HTC Corp and  Samsung Ventures to fund the launch of a new platform for VR creators to distribute content, executives said on Friday.

The platform, called Wevr Transport, is available now to a limited number of users in a test phase. It is designed to run on various virtual reality headsets through an app and on a website.

Wevr Transport features content from Wevr, other independent studios and major media companies, executives said. Current selections are free to watch, but paid VR experiences may be added to the mix later this year.

See the full story here: http://economictimes.indiatimes.com/news/international/business/wevr-raises-25-million-will-launch-new-virtual-reality-platform/articleshow/50874693.cms

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