Kuato Studios, a London, UK-based EdTech gaming studio, raised £4.5m in funding.
The round was led by Horizons Ventures.
The company intends to use the funds to launch ‘Panic Room’ – its first virtual reality title.
Founded in 2011 and led by Mark Horneff, Managing Director, Kuato is an educational gaming company focused already renowned for creating apps and education-based games and for partnering with brands such as Disney and Marvel.
Now, the studio wants to use Panic Room to showcase how VR can be used in new and innovative ways. Empowered by Kuato’s newly-patented ‘Actor/Director’ platform, Panic Room is a cross-platform, socially-interactive virtual reality game, opening the developer up to new platforms and audiences. The company’s Actor/Director platform allows gamers to interact and engage in a shared online space. A typical Actor-Director arrangement involves a VR headset-wearing ‘Actor’ interacting with a virtual 3D world, which can be viewed and controlled by a ‘Director’ through a secondary device such as a tablet, mobile phone, or PC.
Panic Room is platform-agnostic and highly accessible. The game is currently run on the Oculus Rift and has compatibility with a wide variety of platforms such as iOS, Google Play, and PC, with more additional platforms coming.