Trace Platform Secures $2M Investment for Augmented Reality Innovation
By-
Sangam Das |
April 27, 2024 | Contact Author - sangamdas@gmail.com
Trace, a platform empowering creators to craft location-based AR spaces easily, has emerged from stealth mode, securing $2 million in funding led by Rev1 Ventures and Impellent Ventures. Other participants in the oversubscribed round include Everywhere Ventures, Ohio Innovation Fund, and Portland Seed Fund, among others. Additionally, private investors from XR-focused funds and scout funds from Andreessen Horowitz, Sequoia Capital, and Index Ventures joined in. The platform facilitates the creation and deployment of immersive AR content across devices like smartphones, AR glasses, and the Apple Vision Pro, prioritizing user-friendly tools for creators of all skill levels. Founded by individuals with diverse backgrounds from companies like Magic Leap, Harvard, Disney, Samsung, and DARPA, Trace emphasizes the seamless integration of AR content with physical environments. Do you need investors for your startup? Apply to Get Funding Trace has already powered experiences for significant events and clients, including the Hip Hop 50 Summit,...