IrisVR raises $8M to convey digital actuality to structure and design


New York Metropolis startup IrisVR is saying that it has raised $eight million in Sequence A funding.

The corporate has constructed digital actuality instruments for the structure and design industries. Iris Prospect permits prospects to take their 3D plans and blueprints and switch them into VR experiences viewable on gadgets like Oculus Rift, HTC Vive, GearVR and Cardboard. Iris Scope, in the meantime, converts panoramic photographs into VR experiences for smartphones.

The corporate is presently beta testing its merchandise, with plans for an official launch earlier than the tip of the 12 months. And even earlier than then, IrisVR says it’s seen downloads from 108 nations.

The spherical was led by Emergence Capital, with the agency’s normal companion Kevin Spain becoming a member of the IrisVR board of administrators. Indicator Ventures, Pritzker Group Enterprise Capital, Valar Ventures, Azure Capital Companions, Locke Mountain Ventures and Morningside Group additionally invested within the Sequence A, which brings the startup’s complete funding to $10 million.

Within the funding launch, founder and CEO Shane Scranton stated IrisVR will assist the trade transfer past gimmicks.

“There are real, industry-changing applications for this technology and IrisVR is building one of them,” Scranton stated. “Simply put, we’re reinventing the canvas on which a vast, global industry communicates. For design and construction professionals, the vision is the core of every project. IrisVR brings that vision to life.”


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Désiré LeSage


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