Venture Reality Fund

The Venture Reality Fund, established in 2016 and based in Redwood City, California, is a venture capital firm that focuses on early-stage startups in the augmented reality, virtual reality, and mixed reality sectors. The firm aims to drive innovation at the intersection of immersive and intelligent computing, targeting companies in various industries, including consumer products, enterprise solutions, artificial intelligence, and healthcare. The Venture Reality Fund operates globally, making investments primarily in North America, Japan, Europe, and South Korea. Its second fund, launched in 2021, plans to execute at least 35 investments, further solidifying its commitment to advancing technology in both consumer and enterprise markets.

Tipatat Chennavasin

Co-Founder & General Partner

Marco DeMiroz

Co-Founder & General Partner

50 past transactions

Digital Village

Seed Round in 2023
An online platform that brings a professional network of digital specialists together to build teams, products and solve business technology problems.

Monaverse

Series A in 2022
Mona is building the tools and protocols to grow the open metaverse.

Jadu

Series A in 2022
Jadu AR Inc., operating under the name Jadu, is a company based in Los Angeles, California, that specializes in augmented reality technology. Founded in 2019, Jadu has developed a mobile application that enables users to engage with holograms of their favorite musicians and performers, allowing fans to perform alongside these virtual representations. The application is available on the App Store, enhancing the interactive entertainment experience for users by blending real and digital performances.

Remio

Seed Round in 2022
Remio delivers a pre-configured VR headset to each team member and hosts the entire team for fun team-building experiences. Known as one of "the most fun ways to connect business teams", the VR HQ also offers collaboration tools such as whiteboarding, Jira project planning, and presentation rooms.

Jadu

Seed Round in 2021
Jadu AR Inc., operating under the name Jadu, is a company based in Los Angeles, California, that specializes in augmented reality technology. Founded in 2019, Jadu has developed a mobile application that enables users to engage with holograms of their favorite musicians and performers, allowing fans to perform alongside these virtual representations. The application is available on the App Store, enhancing the interactive entertainment experience for users by blending real and digital performances.

Phiar Technologies

Series A in 2021
Phiar is an ultra-lightweight AI company, building the world's most advanced Ultra-Lightweight Spatial AI Engine to enable every vehicle to see its surroundings, running real-time at the edge, using just commodity mobile-grade processors and existing automotive computing platforms with a single camera. Focused first on powering our Intelligent AR Navigation Platform, as the anchoring/foundational use-case to transform driving experience and safety, and to ultimately enable the next-gen connected cars and ADAS services.

Obsess

Series A in 2021
Obsess, Inc. is a New York-based company that specializes in augmented and virtual reality software designed for experimental shopping. Founded in 2016, Obsess aims to transform the e-commerce experience by providing a platform that allows brands and retailers to create immersive, interactive, and visually engaging 360-degree shopping experiences. This innovative solution replaces traditional online shopping interfaces with discovery-driven environments that can be deployed across various channels, including in-store, events, websites, and social media. By enabling highly engaging virtual stores, Obsess seeks to enhance the way consumers interact with products and brands, moving away from the outdated grid-of-thumbnails format that has dominated online shopping for decades.

Virtualitics

Series B in 2021
Virtualitics Inc is a data analytics and visualization company based in Pasadena, California, founded in 2015. The company specializes in machine learning, artificial intelligence, and advanced 3D visualization through its flagship product, the Virtualitics Immersive Platform. This platform provides enterprises with a collaborative virtual environment and desktop experience, enabling users to uncover actionable insights from their data. The technology behind the platform is rooted in over a decade of research at the California Institute of Technology and NASA/JPL. In addition to its core offerings, Virtualitics also provides expert advisory services in machine learning, helping organizations leverage data for better decision-making.

Theta Labs

Venture Round in 2021
Theta Labs, Inc., founded in 2017 and based in Cupertino, California, is the developer of the Theta Network, a decentralized blockchain-powered video streaming platform. The network enables users to share their bandwidth in a peer-to-peer manner, facilitating efficient video delivery while rewarding them with cryptocurrency. By leveraging existing streaming applications, Theta Network allows users to stream live content from popular platforms with reduced latency, thereby lowering content delivery costs for video providers. The company has attracted strategic investments from notable corporate entities, including Samsung NEXT and Sony Innovation Fund, as well as various media and venture capital firms. Theta Labs operates as a subsidiary of Sliver VR Technologies, Inc.

Interplay Learning

Series B in 2021
Interplay Learning is an information technology company that specializes in virtual reality and 3D solutions. It provides an online training platform that enables its users to conduct training via 3D simulations designed for career training in heating, ventilation and air conditioning (HVAC), electrical, energy auditing, manufacturing, facility maintenance, and construction codes.

Apprentice

Series B in 2020
Apprentice FS, Inc. offers an industrial augmented reality platform tailored for research and development, as well as manufacturing sectors, particularly within the life sciences. Founded in 2014 and based in Jersey City, New Jersey, the company provides an intelligent manufacturing execution system that incorporates artificial intelligence and augmented reality technologies. Its platform features modules such as Tandem, Manuals, and BioCapture, which are compatible with various smart glasses and facilitate hands-free operation in laboratory and manufacturing environments. This system allows users to record data, manage batch records, and oversee assays and procedures while ensuring critical information is readily available, thereby minimizing process deviations. Apprentice serves a range of industries, including pharmaceuticals, biotech, chemicals, consumer goods, and cosmetics, aiming to enhance efficiency and speed in drug production and other processes.

Obsess

Seed Round in 2020
Obsess, Inc. is a New York-based company that specializes in augmented and virtual reality software designed for experimental shopping. Founded in 2016, Obsess aims to transform the e-commerce experience by providing a platform that allows brands and retailers to create immersive, interactive, and visually engaging 360-degree shopping experiences. This innovative solution replaces traditional online shopping interfaces with discovery-driven environments that can be deployed across various channels, including in-store, events, websites, and social media. By enabling highly engaging virtual stores, Obsess seeks to enhance the way consumers interact with products and brands, moving away from the outdated grid-of-thumbnails format that has dominated online shopping for decades.

Wave

Series B in 2020
Wave focuses on interactive virtual experiences with a mission to help artists make money at the intersection of gaming and entertainment. Wave’s technology enables musicians to create lifelike avatars of themselves that can “perform” their music on a virtual stage. Most of these virtual shows take place either on the company’s YouTube channel, but Wave’s apps let users tune in on gaming consoles, phones or even the Oculus Rift VR headset. While watching a Wave, viewers can log in to comment in a chat function and give live feedback to the avatar performers.

Embodied Labs

Seed Round in 2020
Embodied Labs, Inc. develops a virtual reality training platform that offers training support to family and caregivers. It offers The Embodied Labs immersive training platform that provides users with access to a growing library of virtual experience labs that simulate key problems and situations facing older adults and their caregivers. Embodied Labs, Inc. was incorporated in 2016 and is based in Los Angeles, California. It has locations in Los Angeles and San Francisco Bay Area, California; Chicago, Illinois; and Greenville, South Carolina.

Replica Studios

Seed Round in 2019
Replica Studios creates naturally expressive voice-overs and performances through an AI that can replicate the human voice. It captures unique speech patterns, pronunciation, and emotional range to create a realistic Replica Voice. It was founded in 2018 and is headquartered in Brisbane, Queensland.

PlusOne

Seed Round in 2019
PlusOne, Inc. operates an augmented reality and artificial intelligence platform designed to enhance employee training for improved client and partner interactions. The company has developed an interactive hologram engine capable of detecting users' emotions, biometrics, positions, and gestures, facilitating immersive simulations and real-time feedback. This technology allows enterprises to provide flexible training solutions that adapt to various business contexts. Founded in 2016, PlusOne is headquartered in San Francisco, California, with additional offices in Tokyo, Japan, and Beijing, China.

Doorstead

Seed Round in 2019
Doorstead, Inc. is a full-service property management company based in San Francisco, California, founded in 2019. The company specializes in a comprehensive range of property management services, including property listings, marketing across rental platforms, tenant screening, lease agreements, and maintenance and repair management. Additionally, Doorstead offers features such as on-demand property showings, move-in and move-out walkthroughs, rent collection, eviction handling, and annual inspections. By leveraging operations technology, Doorstead aims to minimize vacancies, enhance rental income, and provide property owners with a streamlined management experience, all while offering downside protection through a rental guarantee.

YUR

Pre Seed Round in 2019
YUR Inc. is a fitness and health platform that utilizes virtual reality to transform workouts into engaging gaming experiences. Founded in 2019 and based in San Francisco, California, YUR develops software solutions that allow users to track their fitness and health metrics while participating in VR games. The mobile companion application enables calorie tracking, making fitness more enjoyable and accessible for at-home users. By combining gaming with physical activity, YUR aims to create a more immersive and less taxing approach to fitness.

GIBLIB

Seed Round in 2019
GIBLIB is a California-based company and is the "Netflix" of Medical Education. It is a place for surgeons to share medical lectures and surgical videos. Founded in 2015, GIBLIB is headquartered in Los Angeles, California.

Proprio, Inc.

Venture Round in 2019
Proprio, Inc. develops a healthcare system for real-time immersive video and mediated reality interaction. It offers surgical microscopes, navigation systems, loupes, and screens to replace surgical microscopes. The company’s networked camera arrays, depth-sensing technology, and computer graphics processing enables users to navigate live 3D environments with a sense of presence and depth of field from any perspective. Proprio, Inc. was formerly known as eLoupes, Inc. The company was founded in 2016 and is headquartered in Seattle, Washington.

AIR (AI Redefined)

Seed Round in 2018
AIR is a software company specialized in machine learning research and applications. Its vision is to build a brighter, smarter future by improving the synergy between people and AI; its mission, to provide a universal and safe digital place where AIs and people can learn continuously from each other. Its first product, Cogment (https://cogment.ai), is a high-performance, open source framework that allows multi-agent, multi-reward, continuous live training of AIs and Humans together in the same environment.

Phiar Technologies

Seed Round in 2018
Phiar is an ultra-lightweight AI company, building the world's most advanced Ultra-Lightweight Spatial AI Engine to enable every vehicle to see its surroundings, running real-time at the edge, using just commodity mobile-grade processors and existing automotive computing platforms with a single camera. Focused first on powering our Intelligent AR Navigation Platform, as the anchoring/foundational use-case to transform driving experience and safety, and to ultimately enable the next-gen connected cars and ADAS services.

Apprentice

Series A in 2018
Apprentice FS, Inc. offers an industrial augmented reality platform tailored for research and development, as well as manufacturing sectors, particularly within the life sciences. Founded in 2014 and based in Jersey City, New Jersey, the company provides an intelligent manufacturing execution system that incorporates artificial intelligence and augmented reality technologies. Its platform features modules such as Tandem, Manuals, and BioCapture, which are compatible with various smart glasses and facilitate hands-free operation in laboratory and manufacturing environments. This system allows users to record data, manage batch records, and oversee assays and procedures while ensuring critical information is readily available, thereby minimizing process deviations. Apprentice serves a range of industries, including pharmaceuticals, biotech, chemicals, consumer goods, and cosmetics, aiming to enhance efficiency and speed in drug production and other processes.

PLNAR

Series A in 2018
Smart Picture Technologies, Inc. develops digital measurement systems for collecting and storing accurate measurement data. Its systems enable users to create and share dimensions embedded in images between users, customers, and their contractors. The company solutions include visual scene information, dimension data, and user defined tags. It offers its solutions for applications, such as DIY and home improvement, medical and biometrics, package delivery and tracking, and field service and repairs. The company was incorporated in 2012 and is based in Austin, Texas.

InstaVR

Series B in 2018
InstaVR Inc. is a company that provides tools for virtual reality (VR) creators to develop and publish VR applications across various platforms. Its flagship product, InstaVR, allows users to import VR content, customize branding elements, and easily publish their applications. The company also offers several VR applications, including AAA VR Cinema, which supports various VR video formats, and VR Tour Hub, enabling users to create and share immersive tours using panoramic images. Additionally, InstaVR develops tailored VR solutions for diverse sectors such as real estate, tourism, education, and entertainment. Founded in 2015 and headquartered in San Francisco, California, InstaVR aims to simplify the VR creation process and enhance user engagement through integrated analytics and interactive features.

Wave

Series A in 2018
Wave focuses on interactive virtual experiences with a mission to help artists make money at the intersection of gaming and entertainment. Wave’s technology enables musicians to create lifelike avatars of themselves that can “perform” their music on a virtual stage. Most of these virtual shows take place either on the company’s YouTube channel, but Wave’s apps let users tune in on gaming consoles, phones or even the Oculus Rift VR headset. While watching a Wave, viewers can log in to comment in a chat function and give live feedback to the avatar performers.

Alter

Pre Seed Round in 2018
We're committed to making the internet more expressive, and to build a digital identity layer that is accessible to all.

Virtualitics

Series B in 2018
Virtualitics Inc is a data analytics and visualization company based in Pasadena, California, founded in 2015. The company specializes in machine learning, artificial intelligence, and advanced 3D visualization through its flagship product, the Virtualitics Immersive Platform. This platform provides enterprises with a collaborative virtual environment and desktop experience, enabling users to uncover actionable insights from their data. The technology behind the platform is rooted in over a decade of research at the California Institute of Technology and NASA/JPL. In addition to its core offerings, Virtualitics also provides expert advisory services in machine learning, helping organizations leverage data for better decision-making.

8th Wall

Series A in 2018
8th Wall increases the reach of augmented reality (AR) content with its developer platform, which makes it easy to build interactive AR experiences that run on all smartphones. Creators and developers can choose to deploy their content as a native app to both iOS and Android devices, or as a web experience that can be viewed directly in the user’s mobile browser, no apps needed. 8th Wall uses its own hyper-optimized Simultaneous Localization and Mapping (SLAM) engine to deliver markerless AR content to mobile apps and the web. Features include 6DoF positional tracking, surface detection, lighting estimation and world points to deliver an immersive experience capable of running on any device with a rear-facing camera.

Theta Labs

Venture Round in 2017
Theta Labs, Inc., founded in 2017 and based in Cupertino, California, is the developer of the Theta Network, a decentralized blockchain-powered video streaming platform. The network enables users to share their bandwidth in a peer-to-peer manner, facilitating efficient video delivery while rewarding them with cryptocurrency. By leveraging existing streaming applications, Theta Network allows users to stream live content from popular platforms with reduced latency, thereby lowering content delivery costs for video providers. The company has attracted strategic investments from notable corporate entities, including Samsung NEXT and Sony Innovation Fund, as well as various media and venture capital firms. Theta Labs operates as a subsidiary of Sliver VR Technologies, Inc.

Varjo

Series A in 2017
Varjo Technologies develops headset capable of both virtual and augmented reality. It uses that phrase with two meanings in mind. For one thing, the company’s headset offers resolution in the center of the screen that is good enough to hide individual pixels. But the headset’s display also mimics how human vision works in general. The high-density displays occupies the center of the field of view in headset, and surrounds by lower-resolution displays at the left and right edges. The company was founded in 2016 and is headquartered in Helsinki, Finland.

THETA.tv

Series A in 2017
THETA.tv is a decentralized live streaming platform that leverages blockchain technology to enhance video delivery and monetization. Founded in 2015 and based in Cupertino, California, the platform allows users to stream and view content on various devices, including PCs, mobile phones, Smart TVs, and IoT devices. By utilizing a peer-to-peer network, THETA.tv incentivizes users to share their bandwidth, thereby reducing content delivery costs and creating additional revenue streams for existing video platforms. The company has attracted notable investments from strategic corporate partners such as Samsung NEXT and the Sony Innovation Fund, as well as media investors like Bertelsmann Digital Media Investments and Creative Artists Agency, alongside established Silicon Valley venture capital firms.

Immersv

Series A in 2017
Immersv, Inc. is a mobile virtual reality application distribution platform founded in 2015 and based in Castro Valley, California. The company specializes in virtual reality discovery and advertising, leveraging the expertise of its founding team, which previously developed the largest app distribution platform on Facebook and subsequently for iOS and Android. Immersv aims to connect users with virtual reality content and experiences while providing developers and advertisers a targeted platform for reaching their audiences.

Torch 3D

Seed Round in 2017
Torch 3D is an Augmented Reality Design Platform.Torch 3D is the developer of an AR and VR prototyping platform created to transform the way applications are built and experienced. The company's augmented and virtual reality prototyping platform helps the designer to develop and design in 3D for immersive VR environments almost instantly, with no prior knowledge of game or software development. It also empowers teams to iterate on prototypes across teams, on any platform or device, in real time.

Vivid Vision

Seed Round in 2017
Vivid Vision, Inc. develops interactive, immersive, and 3D games for people with amblyopia and strabismus. It offers Vivid Vision software suite that provides interactive tests for eye dominance, suppression, angle of deviation, contrast sensitivity, and more. The company’ Vivid Vision software suite also enables clinicians to monitor and control different aspects of patient's experience from a touchscreen monitor. It offers its products for eye clinics in North America. Vivid Vision, Inc. was formerly known as Apollo VR Corporation and changed its name to Vivid Vision, Inc. in March 2015. The company was incorporated in 2014 and is based in San Francisco, California.

Vizor.io

Seed Round in 2017
Vizor is an online platform that lets its users explore, create, and publish virtual reality on the web.

Virtualitics

Series A in 2017
Virtualitics Inc is a data analytics and visualization company based in Pasadena, California, founded in 2015. The company specializes in machine learning, artificial intelligence, and advanced 3D visualization through its flagship product, the Virtualitics Immersive Platform. This platform provides enterprises with a collaborative virtual environment and desktop experience, enabling users to uncover actionable insights from their data. The technology behind the platform is rooted in over a decade of research at the California Institute of Technology and NASA/JPL. In addition to its core offerings, Virtualitics also provides expert advisory services in machine learning, helping organizations leverage data for better decision-making.

THETA.tv

Series A in 2017
THETA.tv is a decentralized live streaming platform that leverages blockchain technology to enhance video delivery and monetization. Founded in 2015 and based in Cupertino, California, the platform allows users to stream and view content on various devices, including PCs, mobile phones, Smart TVs, and IoT devices. By utilizing a peer-to-peer network, THETA.tv incentivizes users to share their bandwidth, thereby reducing content delivery costs and creating additional revenue streams for existing video platforms. The company has attracted notable investments from strategic corporate partners such as Samsung NEXT and the Sony Innovation Fund, as well as media investors like Bertelsmann Digital Media Investments and Creative Artists Agency, alongside established Silicon Valley venture capital firms.

8th Wall

Venture Round in 2016
8th Wall increases the reach of augmented reality (AR) content with its developer platform, which makes it easy to build interactive AR experiences that run on all smartphones. Creators and developers can choose to deploy their content as a native app to both iOS and Android devices, or as a web experience that can be viewed directly in the user’s mobile browser, no apps needed. 8th Wall uses its own hyper-optimized Simultaneous Localization and Mapping (SLAM) engine to deliver markerless AR content to mobile apps and the web. Features include 6DoF positional tracking, surface detection, lighting estimation and world points to deliver an immersive experience capable of running on any device with a rear-facing camera.

Drifter VR

Seed Round in 2016
Drifter helped create some of the most genre defining games of our generation. Each of us has spent years building the platforms that make AR and VR possible and now we’re channeling that passion and experience into making some of the best damn VR games in the world.

InstaVR

Series A in 2016
InstaVR Inc. is a company that provides tools for virtual reality (VR) creators to develop and publish VR applications across various platforms. Its flagship product, InstaVR, allows users to import VR content, customize branding elements, and easily publish their applications. The company also offers several VR applications, including AAA VR Cinema, which supports various VR video formats, and VR Tour Hub, enabling users to create and share immersive tours using panoramic images. Additionally, InstaVR develops tailored VR solutions for diverse sectors such as real estate, tourism, education, and entertainment. Founded in 2015 and headquartered in San Francisco, California, InstaVR aims to simplify the VR creation process and enhance user engagement through integrated analytics and interactive features.

THETA.tv

Seed Round in 2016
THETA.tv is a decentralized live streaming platform that leverages blockchain technology to enhance video delivery and monetization. Founded in 2015 and based in Cupertino, California, the platform allows users to stream and view content on various devices, including PCs, mobile phones, Smart TVs, and IoT devices. By utilizing a peer-to-peer network, THETA.tv incentivizes users to share their bandwidth, thereby reducing content delivery costs and creating additional revenue streams for existing video platforms. The company has attracted notable investments from strategic corporate partners such as Samsung NEXT and the Sony Innovation Fund, as well as media investors like Bertelsmann Digital Media Investments and Creative Artists Agency, alongside established Silicon Valley venture capital firms.

Wave

Seed Round in 2016
Wave focuses on interactive virtual experiences with a mission to help artists make money at the intersection of gaming and entertainment. Wave’s technology enables musicians to create lifelike avatars of themselves that can “perform” their music on a virtual stage. Most of these virtual shows take place either on the company’s YouTube channel, but Wave’s apps let users tune in on gaming consoles, phones or even the Oculus Rift VR headset. While watching a Wave, viewers can log in to comment in a chat function and give live feedback to the avatar performers.

Owlchemy Labs

Series A in 2016
Owlchemy Labs LLC is a game studio that develops games and VR experiences. It focuses on mechanic-driven games and formed insane premises around them. The company was founded in 2010 and is headquartered in Austin, Texas. As of May 10, 2017, Owlchemy Labs LLC operates as a subsidiary of Alphabet Inc.

Spaces

Seed Round in 2016
Spaces, officially formed in January 2016, says it’s already working on a range of VR and mixed-reality projects with companies including NBCUniversal, Microsoft, Big Blue Bubble and the Hettema Group. Platforms it’s developing for include Oculus Rift, HTC Vive, Microsoft HoloLens, Samsung Gear VR, PlayStation VR and Google Cardboard. “Spaces has a compelling and clear vision to be the catalyst for companies looking to create VR and MxR (mixed reality) experiences,” Comcast Ventures managing director Michael Yang said in a statement. “Spaces is combining remarkable capabilities, tools and creativity to push the boundaries of the VR frontier.”

Mindshow

Series A in 2016
Visionary VR is a technology and content development studio, and the home of Visionary focus the revolutionary tool for virtual reality content creators that employs our proprietary system for storytelling, attention management and information delivery in VR.

The Rogue Initiative

Seed Round in 2016
The Rogue Initiative is a Los Angeles-based entertainment studio specializing in virtual reality and digital media. The company develops cinematic content and immersive experiences for applications in video games, film, and television. Comprising a team of award-winning professionals from prominent industry backgrounds, including Amblin Entertainment, Pixar, Dreamworks Animation, Disney, and Activision Entertainment, The Rogue Initiative focuses on creating new AAA experiences that merge storytelling with cutting-edge technology. By leveraging their expertise, the studio aims to push the boundaries of digital entertainment and redefine audience engagement in virtual reality and beyond.
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