Tokyo-based Cluster secures $460K funding to develop VR platform for meet-ups

Tokyo-based Cluster secures $460K funding to develop VR platform for meet-ups

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Cluster, the Japanese startup behind a virtual reality(VR)-based event and environment platform under the same name, announced on Tuesday that it has fundraised 50 million yen (about US$460,000) from Skyland Ventures, East Ventures and several angel investors.

Upon obtaining this funding, the company was rebranded from its previous name Fictbox. Skyland Ventures participated in the previous funding round in January.

The firm apparently is targeting relative small event organizers that cannot afford to commit much money or withstand losses. The Cluster platform allows event organizers to hold meet-ups, events, and other gathering opportunities using VR without fear of booking a venue or paying a high rent. For participants, they can virtually participate in an event by wearing a headgear and communicate with each others, even from home.

Thanks to recent advances in server integration technologies and a protocol optimized for Internet of Things (IoT), even if more than 1,000 connections are established simultaneously, users are unlikely to feel a heavy load on the system.

via TechCrunch Japan

Edited by “Tex” Pomeroy