Volograms Ltd., a new spin-out from Trinity College Dublin and a High-Performance Start-Up with Enterprise Ireland that operates in the promising, rapidly developing field of Augmented Reality and Virtual Reality (AR and VR), has secured its first seed investment of €600,000. The capital, led by Atlantic Bridge and the University Bridge Fund, will help the company take its next-gen technology to market. Volograms Ltd.
has developed a means of taking a set of videos captured from different viewpoints and transforming them into volumetric holograms (or volograms) that can be visualised in VR & AR environments. Key advantages of its system are that it works with different camera configurations, in outdoor or indoor scenarios, and can even generate VR/AR content with hand-held consumer devices.
There are many applications of this technology, which include VR and AR digital productions, fan engagement for brands, and use in enterprise scenarios such as professional education and training. Atlantic Bridge Partner, Chris Horn, and Vice President and General Manager of DAQRI International (the world’s leading professional-grade augmented reality company), Paul Sweeney, will both join the Volograms Ltd.
Board. The VR and AR market is forecast to be worth $108 billion by 2021, having had a value of less than $5 billion in 2016.
Big technology players, such as Google, Microsoft, Facebook and Apple are investing heavily towards bringing VR and AR devices to consumers. AR has even been dubbed the “8th mass media” – the next computing platform, which looks to grow as big as the smartphone. Read more from irishtechnews.ie…
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