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Video: Augmented reality startup raises $14 million in funding

30 January 2020

Augmented reality (AR) for enterprise startup Spatial has raised $14 million in funding to develop an agnostic AR platform that will work across all types of headsets for enterprises.

To date, the company has raised $22 million in funding and its technology will be able to work across multiple platforms including Microsoft HoloLens, Oculus Quest, Magic Leap One, Qualcomm XR2, Android/iPhone mobile device or desktop computer. These headsets can collaborate with one another and are not restricted to any device, platform or hardware.

“Spatial’s mixed-reality solution will be a key part of the future of work,” said Instagram co-Founder Mike Krieger. “They’re taking us beyond everyday tools like Zoom and Slack and pointing the way towards what conferencing and collaboration can be like if they were invented today.”

The technology generates realistic looking avatars for shipping products powered by artificial intelligence to transform a user’s 2D photo into a 3D avatar with no extra effort required and brought to life with hand and eye tracking found on modern headsets.

Investors in this round include Whitestar Capital, Kakao Ventures, Baidu Ventures and Mike Krieger as well as existing investors iNovia Capital, Expa, Lere Hippeau, Leaders Fund and Samsung Next.

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