YBVR, a San Jose, Calif.-based XR video distribution platform, raised $1.5m in Pre-Series A funding.
Backers included Verizon Ventures, Telefonica’s Wayra and Tech Coast Angels.
The company intends to use the funds to advance technology, build its team and further key partnerships.
Led by Hector Prieto, Co-founder and CEO, YBVR leverages 360-degree streaming to provide a video platform that enhances the virtual viewing experience. The company is able to live stream 8K ultra-high-definition video with next-generation technologies for a premium experience across devices with a sub-second latency.
Currently used to broadcast events such as Australian Open 2021 in Melbourne, Fan Controlled Football Season 2021 in Atlanta, and Euroleague Basketball F4 in Cologne, Germany, YBVR provides a fully immersive viewing experience for sports fans and concert goers across the world using any connected device. Ultra-low latency allows for viewers to simultaneously select from various camera angles for a personalized spectator experience.
The company also has a development team in Madrid and commercial presence in Japan and Australia.