QuarkXR secures €1.5 million for enterprise AR and VR software - Tech.eu

Sofia-headquartered endeavor AR/VR startup QuarkXR is looking to rise €1.5 cardinal successful an ongoing circular of backing that's already covered €725,000 toward that goal.

The archetypal €725,000 sum was provided by VC money Vitosha Venture Partners and unnamed backers.

QuarkXR has launched an angel backing run connected the SeedBlink angel network, successful a bid to scope a archetypal "milestone" of €875,000.

The startup wants to hitch a thrust connected the coming question of endeavor XR usage cases that request ace almighty specs and interfaces.

QuarkXR's bundle merchandise uses cloud-to-edge compute to render high-fidelity graphics and 3D modelling. It claims it efficaciously turns "any XR headset into a ace computer".

Since it was founded six years ago, QuarkXR has signed up clients specified arsenic Deutsche Telekom, Telnet and Orange's determination subsidiaries for France and Silicon Valley.

Teaming with Orange successful California represents traction successful the US, location to immoderate 135 cardinal AR/VR users arsenic of 2020, making it fertile crushed for XR-led endeavor innovations.

Virtual world is often utilized for specialised grooming courses - successful medicine, for lawsuit - portion augmented world tin bring IT-driven discourse into existent enactment environments, classrooms and lecture theatres.

Together the 2 technologies are known arsenic extended world (or XR), representing the crossover betwixt carnal and virtual worlds.

QuarkXR has earned plaudits with its product. Cited arsenic a unreality XR "pioneer" by NVIDIA, the startup was besides precocious accepted into the Bosch Startup Harbour ecosystem, opening further imaginable to use its XR successful future-of-work, AI and IoT settings.

Krasimir Nikolov, co-founder and CEO of QuarkXR, said: "In bid to further make the imaginable of our exertion and participate caller markets, we are successful the process of raising the remaining €150,000 from SeedBlink members.

"We are highly blessed to person the enactment of beardown associates  like Vitosha Venture Partners and to person been among the approved companies to articulation SeedBlink."