Yost Labs Raises nearly $1M in Funding

YOSTLabs_LogoYost Labs, a Portsmouth, Ohio, virtual reality tech company, raised nearly $1m in funding.

Backers included the Tri State Angel Investment Group, the East Central Ohio Tech Angels Fund and the TechGROWTH Ohio.

The company intends to use the funds to add new people to the team.

Led by Greg Merril, CEO, Yost Labs is to launch (in March) the PrioVR full-body immersive motion capture system, which has already pre-sold thousands of units. PrioVR uses high-performance inertial sensors to provide 360 degrees of low-latency, real-time motion tracking without the need for cameras, optics, line-of-sight, or large, awkward equipment. Sensors are placed on key points of user’s body to capture movements and translate them on-screen in real-time. PrioVR is wireless, allows for multiple simultaneous users, and will work anywhere – indoors or out, in capture spaces of any size.
The PrioVR Pro Dev Kit, which is wireless, includes two hand-controllers with action buttons, triggers, and joysticks.

FinSMEs

05/02/2016

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