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WorldViz Raises Series A Funding from Intel Capital

WorldViz, the company that powers virtual reality, today announced that it has raised an undisclosed amount in Series A funding from Intel Capital, Intel’s global investment organization. The investment will be used to advance the development and distribution of WorldViz’s virtual reality applications for the enterprise.

“Intel’s commitment to WorldViz is a strong statement that the enterprise virtual reality market is poised for rapid expansion and WorldViz is positioned to capture this growth,” said Andy Beall, CEO of WorldViz. “Virtual reality in the enterprise will enable businesses to transform the way they communicate, design and train. With Intel’s long-standing history as a leader in enterprise computing we’re eager to begin this partnership and the next phase of our business growth.”

“By combining the company’s software and Intel’s RealSense 3-D technology, developers and ODMs will be able to rapidly create virtual reality content and deploy it on a wide range of devices for a fully immersive experience,” Bryant added.

See the full story here: http://www.worldviz.com/newsletter/worldviz-raises-series-a-funding-from-intel-capital?utm_source=VR+Digest&utm_campaign=7fa17fefa7-VR_Digest_Issue_11&utm_medium=email&utm_term=0_54068a0706-7fa17fefa7-74843441