The Venture Reality Fund, a Silicon Valley-based venture capital firm investing in technologies and commercial applications in the areas of augmented, virtual and mixed reality (AR/VR/MR), received an investment from HP Tech Ventures, the new corporate venture arm of HP Inc. (NYSE: HPQ).
The amount of the deal was not disclosed.
The fund will provide HP with early access to leading AR/VR/MR technologies with commercial applications in HP’s target markets including office, retail, healthcare, manufacturing and education. The portfolio companies will in turn benefit from HP’s product portfolio, global presence and go-to-market strategies.
Led by Marco DeMiroz, co-founder and general partner, The Venture Reality Fund (The VR Fund) is one of the most active and experienced venture investors in the sector and its comprehensive portfolio consists of early-stage startups developing infrastructure, tools, platforms, content and apps for the mixed reality ecosystem. As part of its commitment to educating and strengthening the ecosystem, the firm also publishes industry insights including quarterly global VR and AR landscapes detailing the market’s growth, new investments and increased international impact.