AR & VR Startup Imag­i­nate Raises Fund­ing from SRI Cap­i­tal

The Economic Times - - Power Of Ideas -

Hy­der­abad-based aug­mented and vir­tual re­al­ity (AR & VR) startup Imag­i­nate raised $500,000 from Philadelphia-based seed stage ven­ture fund SRI Cap­i­tal. The com­pany plans to use the money to pro­vide col­lab­o­ra­tion tools in VR, AR and mixed re­al­ity (MR) in in­dus­trial train­ing, de­sign and main­te­nance in the United States and In­dian mar­kets.

With this fund­ing round, Sashi Reddi, man­ag­ing di­rec­tor of SRI Cap­i­tal has joined the com­pany’s board and its early seed in­vestor IIIT Hy­der­abad has ex­ited.

“Imag­i­nate’s col­lab­o­ra­tion plat­form NuS­pace is like We­bex of VR and AR,” said Reddi about his first in­vest­ment for 2017. “It will rev­o­lu­tion­ize the way peo­ple col­lab­o­rate and learn by lever­ag­ing the best of both a phys­i­cal class­room like en­vi­ron­ment and the ease of a dig­i­tal con­fer­enc­ing plat­form like We­bex or Skype.”

NuS­pace is a hard­ware ag­nos­tic, col­lab­o­ra­tion plat­form that en­ables peo­ple to com­mu­ni­cate

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