Visbit Secures $3.2m in Seed Funding

visbitVisbit, a Sunnyvale, California-based virtual reality and 360-degree video streaming company, secured $3.2m in seed funding.

Backers included Presence Capital, ZhenFund, Colopl Next, Amino Capital and Eversunny Limited.

The company will use its funds to further accelerate the development of its patented Visbit View-Optimized Streaming (VVOS) technology.

Led by Dr. Changyin (CY) Zhou, co-founder and CEO, Visbit provides a virtual reality (VR) and 360-degree video streaming platform which enables 360-degree video and VR content creators and publishers to deliver Ultra High Definition (UHD) quality streaming and viewing experiences to consumers across multiple VR platforms.
The company has also announced the closed beta version of its cross-platform streaming service for VR. Existing pilot customers for the beta include cinematic VR experience creator Variable Labs; digital marketing agency Primacy; VR content and solution provider Cloudwave; Swiss IT service and application provider WION; video production veteran Fluidcast and virtual reality therapy application maker Realiteer.

The closed beta currently gives users the ability to use mobile VR platforms Samsung Gear VR powered by Oculus and Google Cardboard. Proof of concept demo apps from Visbit in both Google Play and Oculus Store can be accessed by invitation. Additional VR platforms – both mobile and tethered – will be announced in the coming months.



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