Last year saw the launch of smartphone-based, and very purple virtual reality (VR) head-mounted display (HMD) the Merge VR. Since that time VRFocus has charted its progress of the San Antonio based company from tour dates to in-store retail team-ups at the likes of GameStop and Target.
Now the company behind the Merge VR HMD has become the latest VR related firm to be the recipient of significant funding. Merge Labs Inc. collected $10.1 million (USD) from almost fifty investors according to documents acquired by BizJournals.com.
Speaking to VRFocus, a representative from the company confirmed, “Merge VR recently received funding from a number of investors across gaming, software, hardware and retail verticals. Our continuous growth and momentum validates our approach to the market and solidifies our position as a player in the virtual reality space.” Before susequently adding that, “This funding willhelp us proceed to push the boundaries of innovation while capitalizing on this evolving technology.”
In a world full of increasing numbers of VR HMDs it seems Merge VR continues to be quietly building a reputation for itself. You can find out more about them in a previous episode of VRTV. For future details and updates about the company be sure to stay with VRFocus.