360VUZ secures $5.8M in Series A round from venture capitalists
Category: #business  By Saipriya Iyer  Date: 2020-04-23
  • share
  • Twitter
  • Facebook
  • LinkedIn
360VUZ secures $5.8M in Series A round from venture capitalists

360VUZ, an immersive virtual mobile app company, has recently secured $5.8 million from venture capitalists in a Series A investment round. These venture capitalists include 500Startups, Hala Ventures, Vision Ventures, Media Visions, KBW Ventures, Shorooq Partners (lead investor), and others.

A mobile app service created by the company offers 360-degree views of various entertainment events to users. Users can get further access to the exclusive 360 content by paying the subscription fee. The recent investment will reportedly enable further developments of its video app technology, expand its global reach, scale its business, and deliver its personalized experiences with other proprietary technologies to users.

According to Khaled Zaatarah, CEO and founder of 360VUZ, the technological offerings of the company remove the TTA (travel, time, and access) constraints, as well as support the development of the hyperconnected world while delivering authenticity and full control. He also has appreciated the company’s team of experts and partners that are determined towards continuous innovation in the AR, VR, & Live virtual video space. It also gives high importance to users by focusing on personalization & rolling out of its services across Europe, Asia, and the U.S.

The company’s mobile app service has been deployed by various users in over 15 countries. It has recorded an increased user engagement by more than 571% in 2019 as compared to the previous year, as well as an uptick of nearly 297% over the last 30 days. The app also ranks as one of the top featured apps available on the Apple App Store.

Shane Shin, Shorooq Partners’ Founding Partner, has appreciated the leading position of 360VUZ in the immersive video content streaming space. Its continuous efforts help strengthen its position as an entertainment provider with ever-increasing user engagement.

360VUZ serves users with an aim to deliver more proprietary technologies, supported by the patent granted from the U.S. Patent & Trademark Office related to AI, ML, augmented reality, virtual control, and new advertising solutions. The recent investment will bring the company’s total funding raised to $7 million to date.

Source credit:

https://www.auganix.org/360vuz-secures-usd-5-8-million-in-series-a-investment-round/

  • share
  • Twitter
  • Facebook
  • LinkedIn

About Author

Saipriya Iyer

Saipriya Iyer    

Saipriya Iyer currently works as a content developer for GroundAlerts. A computer engineer by profession, she ventured into the field of writing for the love of playing with words. Having had previous experience of 3 years under her belt, she has dabbled with website ...

Read More >>

More News By Saipriya Iyer

GE and Uniper team up to decarbonize gas-fired Uniper power plants
GE and Uniper team up to decarbonize gas-fired Uniper power plants
By Saipriya Iyer

Uniper, a renowned Germany-based global energy company, and General Electric (GE), the renowned US based conglomerate, have reportedly announced a new long-term partnership deal to decarbonize Uniper’s natural gas storage facilities and gas-fir...

Unirac announces acquisition of solar racking firm Ecolibrium Solar
Unirac announces acquisition of solar racking firm Ecolibrium Solar
By Saipriya Iyer

North American solar mounting systems provider, Unirac has recently announced that it has completed the acquisition of Ohio-based solar racking company, Ecolibrium Solar. According to reports, this purchase would broaden Unirac’s product offeri...

Atos takes quantum simulator to the next level with Atos QLM E
Atos takes quantum simulator to the next level with Atos QLM E
By Saipriya Iyer

Atos, one of the leading companies in digital transformation, has reportedly expanded its quantum solutions portfolio by offering Atos QLM E (Atos QLM Enhanced), the world’s best performing commercially available quantum simulator, with a new r...