WakingApp, a Tel Aviv, Israel-based provider of tools for quick creation of augmented and virtual reality content, raised $4.3M in Series C funding.
Backers included Youzu Interactive (SZSE: 002174) an unnamed Internet and search companies in China, and existing investors Inimiti VC and Globis Capital.
The company intends to use the funds to expand its AR/VR platform offerings, ENTiTi Creator and ENTiTi Viewer, and increase its sales, marketing and business development in the United States and China.
Founded in 2013 by Alon Melchner, president, and Udi Shani, CEO, WakingApp has developed an AR/VR platform to enable people, even those with no prior programming experience, to create advanced interactive augmented reality and virtual reality content that includes live data feeds, high-quality 3D imaging and animation, and games. Content can be created and distributed with the ENTiTi platform and is accessible online on smartphones, tablets and leading smart glasses without the need for additional devices.