philip lelyveld The world of entertainment technology

3Oct/18Off

Location-Based VR Startup Tyffon Raises $2.17 Million for U.S. Expansion (EXCLUSIVE)

Santa Monica, Calif.-based virtual reality startup Tyffon has raised a new $2.17 million round in funding from investors including SEGA SAMMY Holdings, Mizuho Capital, Tokyu Recreation and Canal Ventures. The new round of funding brings the total raised by Tyffon thus far to $4 million.

Tyffon launched out of the Disney Accelerator program back in 2014, and initially built mobile apps like “Show Your Disney Side.” More recently, the company switched course to focus in location-based virtual and mixed reality attractions.

As part of those efforts, Tyffon has developed two location-based experiences: “Corridor,” which is being described as a mixed reality horror experience, and “Fluctus,” a mixed reality fantasy ride on a floating ship.

Both have been available in a so-called Tyffonium, which opened about a year ago in Tokyo. The company now plans to open a second Tokyo location in November, and open a first U.S. location in Los Angeles in the coming months.

See the full story here: https://variety.com/2018/digital/news/tyffon-virtual-reality-funding-1202964243/

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