philip lelyveld The world of entertainment technology

16Dec/16Off

Virtual Reality Developer Survios Raises $50 Million

la-rfaughnder-1481649948-snap-photoNate Burba, Survios’ 31-year-old co-founder and CEO, said his company will use the additional capital to grow its 60-employee staff, develop more gaming titles and expand internationally.

The Culver City-based firm launched the hit virtual reality game Raw Data in July, which grossed more than $1 million in sales within about a month. The $40 first-person shooter game also became the first virtual-reality title to hit the top of the sales charts on Steam, an online gaming platform.

See the full story here: http://labusinessjournal.com/news/2016/dec/13/virtual-reality-developer-survios-raises-50-millio/

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