vr-on GmbH, a near Munich, Germany-based virtual reality startup for professionals, raised €1.3m in funding.
Backers included BayBG Bayerische Beteiligungsgesellschaft, Vito Ventures, private investors Andreas Perreiter and Carsten Erdt.
The company intends to use the funds to accelerate product development.
Led by Mathias Wochnig and Dr. Ralf Rabätje, vr-on develops virtual reality software for industrial applications in the field of automotive and aerospace applications. The company makes VR available to customers by introducing new methods within the current consumer hardware environment (for example, Oculus Rift or HTC Vive) or by further developing existing methods for use with new platforms in order to develop new use cases.