UNLTD Closes Seed Round Funding at $1,100,000
“Funding raised allows virtual and augmented reality production studio to expand role in cinematic VR”
UNLTD, a virtual and augmented reality (VR, AR) content and technology studio with vast experience in 3D, 360 and stereo camera development, today announced the close of its seed funding round with a total of $1,100,000 raised. The financing is led by a group formed by serial entrepreneur and Vrvana investor Richard D. Adler of Interdomus as well as media and entertainment investor David Reckziegel of Rex Media Capital. The money raised will be used to fund UNLTD’s continued expansion, providing full service branded VR/AR experiences for clients as well as the development of original virtual experiences for commercial distribution.
“Virtual and augmented reality are the next frontier in entertainment and branded content,” says co-founder and CEO, John Hamilton. “At UNLTD we are committed to driving immersive content to new levels. It’s an amazing new storytelling platform and we’re developing cutting edge production techniques for immersive content. With this funding, we have the opportunity to continue building on our current success with clients such as Universal Pictures (Fifty Shades Darker), A&E Networks (Fall Into Me) and brands such as L’Oréal Cosmetics and Intercontinental Hotels”.
In addition to an investment group led by Richard Adler, other investors include Senvest Capital, Rex Media Capital, Claude Gagnon, the former president of Technicolor Creative Services, and Richard Bridgwood, the former managing director of Entertainment One UK. The investment by these tech and entertainment industry veterans in UNLTD highlights a belief in the company’s mission and position within the growing immersive technology space. Richard Adler and Stuart “Kip” Cobbett of Rex Media Capital will join the board of UNLTD.
“Virtual reality is a platform to provide experiences unlike anything we have ever seen before,” says Adler. “We believe VR/AR is the way of the future in entertainment and our investment in UNLTD shows our commitment to the growth and development of new businesses and applications for VR/AR/XR content and technology.”
UNLTD recently launched the extended VR trailer for “Trinity,” an interactive, science-fiction VR series, at the 2017 Cannes Film Festival in May 2017. The premise of “Trinity” is set in the future where humans have long been extinct. Androids, the last surviving beings on Earth, are fighting a final war for freedom against an all-powerful A.I., their God. “Trinity” is in post-production and the pilot episode will be released to select partners by fall of 2017. Patrick Boivin (“Dragon Baby,” “Little Ant-Man”) is directing “Trinity” with the UNLTD executive team members John Hamilton, Sebastien Gros and Robert Boulos producing.
The UNLTD Team are pioneers in 3D camera and shooting technology with decades of combined production and distribution experience.
For more information about UNLTD, visit http://www.go-unlimited.co.
UNLTD is an innovative virtual and augmented reality production studio at the forefront of design and creation of high-end virtual, augmented and mixed reality experiences. UNLTD believes VR/AR/XR will enhance the way the world creates and consumes content. Founded in 2015 with the mission of taking entertainment to the next level through virtual reality. With the executive team’s vast experience with 3D/360/Stereo camera and shooting technology, UNLTD develops and applies a variety of proprietary revolutionary production and post-production techniques to achieve the best result in VR/AR/XR entertainment experiences.
Through the company’s three main core strengths – content creation, production and distribution – the team aims to expand the immersive reality entertainment industry.
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Source: Virtual Reality Reporter