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Virtual social network IMVU raises $35M from China’s NetEase and others

TechCrunch

The line between social networking and gaming is increasingly blurring , and internet incumbents are taking notice. NetEase, the second-largest gaming company in China (behind Tencent), is among a group of investors who just backed IMVU, an avatar-focused social network operating out of California.

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Cosmos Video – a ‘Club Penguin for adults’ to socialise and work – raises $2.6M from LocalGlobe

TechCrunch

All over the world startups are piling into the space marked “virtual interaction and collaboration”. Step forward Cosmos Video , which has a virtual venues platform that allows people to work, hang out and socialize together. Cosmos allows users to create virtual venues by combining game mechanics with video chat.

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Epic Games to shut down Houseparty in October, including the video chat ‘Fortnite Mode’ feature

TechCrunch

Houseparty, the social video chat app acquired by Fortnite maker Epic Games for a reported $35 million back in 2019, is shutting down. Related to this move, Epic Games’ “ Fortnite Mode” feature , which leveraged Houseparty to bring video chat to Fortnite gamers, will also be discontinued.

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Kumospace raises new cash to replace physical offices with virtual ones

TechCrunch

Brett Martin, the co-founder and president of Kumospace, believes a core piece to easing the transition is workplace collaboration tools — especially video chat tools that foster a “virtual office” feeling. He’s biased, of course — Kumospace sells a video chat platform. Image Credits: Kumospace.

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VUZ raises $20 million to scale its immersive social app

TechCrunch

VUZ , a social app that allows users to stream and experience immersive realism in extended reality (XR) and metaverse digital experiences, has raised $20 million in Series B investment. The platform offers over 20,000 hours of content covering entertainment, creators, sports, and XR, VR, and AR experiences virtually anywhere in the world.

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FlyMachine raises $21 million to build a virtual concerts platform for a post-pandemic world

TechCrunch

As concerts and live events return to the physical world stateside, many in the tech industry have wondered whether some of the pandemic-era opportunities around virtualizing these events are lost for the time being. The virtual concert industry didn’t have as big of a lockdown moment as some hoped for.

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The Engagement You’ll Find at Our Virtual Events

CIO

A record number of participants turned out for a discussion group with one of our speakers, Tom Kouloupolous , futurist and chairman and founder of Delphi Group, during our April virtual summit, CIO’s Future of Cloud and Data. Indeed, interaction is what makes a virtual summit a conference vs. a webinar. Text chat was different.