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The Daily Startup: AltspaceVR Rides Virtual Reality Wave

2014-09-12 17:16:12| Footwear - Topix.net

In another sign virtual reality is maturing as a sector, AltspaceVR has raised $5.2 million from investors to build a social platform for the emerging technology, Lizette Chapman reports for Dow Jones VentureWire. Following recent billion-dollar virtual reality initiatives by behemoths including Facebook and Sony Computer Entertainment , private investors have backed a string of hardware startups in the sector, but AltspaceVR is among the first major VR-software companies to garner venture backing.

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