Start-up develops VR parks for gaming | Central regions, Technology & innovation MarchmontNews.com

Central regions | Technology & innovation | Finance, business

Start-up develops VR parks for gaming

5 Oct '18
Dive2VR, a Russian start-up, is developing proprietary technology for virtual reality based entertainment.

One of Dive2VR’s flagship products is a network of VR parks called “Engage.” These are gaming zones more than a hundred square meters each. A single such zone takes a reported $50,000+ to build and launch. There are six parks already in operation in Russia, and eight more may soon be launched. The start-up has also opened two such parks in the U.S. and is working to start two in Malaysia.

Dive2VR is also developing proprietary technology called “VR Stream.” With an ordinary smartphone and special VR set a user can easily use the technology to play VR games created for Oculus and HTC Vive.

Last month the start-up raised $1m from a domestic consortium of private investors. The investor consortium in that deal included the FunCubator accelerator, RB Capital and the Sergey Dashkov Fund (both VC funds), and Valery Krivenko, an individual investor.