article thumbnail

Spatial Labs, a web3 infrastructure and hardware company, closes $10M seed round

TechCrunch

Spatial Labs , a web3 infrastructure and hardware company, announced today the closing of a $10 million seed round led by Blockchain Capital with participation from Marcy Venture Partners, the firm co-founded by Jay-Z. The metaverse to us is not a virtual space that people go to spend time in. .”

Hardware 290
article thumbnail

YC and a16z back virtual reality basketball app Gym Class

TechCrunch

spending billions of dollars on virtual reality tech every fiscal quarter, the wider VR startup ecosystem has been having a tough few years coming down from the highs of 2016, when investors dumped money into the sector expecting Oculus-sized returns only to see most of their investments slowly wilt away. Despite Zuckerberg & Co.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Disney-backed Inworld raises new cash for its AI-powered virtual characters

TechCrunch

The brainchild of Ilya Gelfenbeyn, Michael Ermolenko and Kylan Gibbs, the startup’s AI-powered service generates virtual characters primarily for games, but also in broader entertainment and marketing campaigns. “ Inworld is a creative platform for building virtual characters for immersive realities. .

article thumbnail

Announcing the startups pitching at TechCrunch Live’s (virtual) Boston event!

TechCrunch

This virtual event start at 2:00 pm EST/11:00 am PST on Monday, February 27 and is free to attend. Lastly, just before the pitch-off, legendary roboticist Marc Raibert is speaking to TechCrunch’s Hardware Editor Brian Heater on why he built Boston Dynamics in Boston and explains his latest venture, leading the Hyundai AI Institute.

article thumbnail

Transfr raises $12M Series A to bring virtual reality to manufacturing-plant floors

TechCrunch

To Bharani Rajakumar , the founder of Transfr , the dilemma of displaced workers is the perfect use case for virtual reality technology. Transfr leverages virtual reality to create simulations of manufacturing-plant shop floors or warehouses for training purposes. Transfr’s core technology is its software.

article thumbnail

InEvent raises $2M for its virtual conference platform

TechCrunch

InEvent , a startup powering virtual and hybrid events, is announcing that it has raised $2 million in seed funding from Storm Ventures. ” Put another way, InEvent is less focused on replicating giant consumer events and more on helping businesses hold virtual events where they can connect with clients and partners.

article thumbnail

Labster gets millions from a16z to bring virtual science lab software to the world

TechCrunch

billion in assets under management , has poured millions into an edtech startup that sells virtual STEM lab simulations to institutions. Labster lands new cash to bring its virtual reality science lab software to Asia. With platform ambition, Labster is pausing its virtual reality efforts, which requires acquiring headsets at scale. “VR