VRChat grabs $4 million in a rare bright spot for social VR

Startup VRChat raised a $4 million Series A round of funding led by HTC. The money for the social #VR startup comes in the wake of AltspaceVR running out of cash and the earlier closure of Convrge, though Altspace found a lifeline of sorts. [Read More]

Summary… * Machine-Made


Startup VRChat raised a $4 million Series A round of funding led by HTC.
The money for the social #VR startup comes in the wake of AltspaceVR running out of cash and the earlier closure of Convrge, though Altspace found a lifeline of sorts.
It’s also important to note #VR platform creators #Valve turned its Home space into a social experience too and #Facebook launched Spaces.
They talked inside VRChat and the two started brainstorming future ideas for the social software.
When #Facebook acquired Oculus in March that year they decided to turn their VRChat hobby into a real business.

Opinion… * Man-Made


Will #VR become the ultimate #Social platform? #Valve Home Space and #Facebook Spaces lead the way. #Trend

Source: Venturebeat