Lucid VR Raises $2M

lucidLucid VR, a San Francisco, CA-based maker of VR camera, raised $2.1M in seed funding.

Backers included Wistron, S2 Capital, Lab360, TEEC Angel Fund, 17 Miles Technology as well as other angel investors.

The company intends to use the funds to bring its 3D VR camera to mass production. To this end, Lucid VR has also signed a partnership agreement with Wistron Corporation, a top five global ODM based in Taiwan.

Led by Han Jin, co-founder and CEO, Lucid VR is the maker of a pocket-sized VR camera which captures 3D 180-degree videos to be watched instantly on mobile phones using Google Cardboard or any VR headsets. It leverages binocular lenses to create true depth and peripheral vision while utilizing two microphones, mimicking human eyes and ears.

The company crowdfunded its first round of production cameras in December 2015, with the cameras now to be delivered in the latter half of 2016.

FinSMEs

13/04/2016

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