philip lelyveld The world of entertainment technology

14Jun/17Off

Location-Based Virtual Reality Startup Nomadic Raises $6 Million

warehouse-2Bay Area-based virtual reality (VR) startup Nomadic has raised a $6 million round of seed funding led by Horizons Ventures, with participation from Maveron, Presence Capital, Vulcan Capital, and Verus International.

Nomadic is focused on location-based VR, and aims to launch VR centers in malls and theaters. The company is focusing on modular sets to make it easy to quickly switch out experiences — much in the same way a theater may replace movies every couple of weeks.

Nomadic is also in discussions with multiple studios, said CEO Doug Griffin. “We’ve heard this over and over and over from studios, that location-based is becoming part of their strategy.”

See the full story here; http://variety.com/2017/digital/news/nomadic-vr-6-million-1202462610/

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