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$7 Million Raised For Warehouse-Scale VR Tech Company

Date Type Companies involved Size
December 16th, 2016 investment Bell Potter
Carthona Capital
Zero Latency
$7m
$7 Million Raised For Warehouse-Scale VR Tech Company

Zero Latency, a Melbourne-based company that’s created a warehouse-scale local-multiplayer VR experience, has raised $7 million in venture funding to expand globally. The funding was raised from existing backer Carthona Capital and clients of Bell Potter, and will be used to set up new locations in Spain, USA and Japan.

Using backpack-style PCs and custom tracking systems for the HMDs, players can roam freely around an open VR environment, taking room-scale up a notch. A favourite for Zero Latency customers is the Zombie experience, where friends must fend off an oncoming horde from all angles. Every real-life movement is in-sync with the VR experience - as you walk forward in real life, you do so in the virtual environment - this essentially eliminates motion sickness, a common problem in VR which is triggered by out of sync movements.

 

 

Zero Latency has been an extremely popular attraction in Melbourne, Australia, with each month’s bookings being filled rapidly upon release. With $7 million funding available, the company is hoping to capitalise on rave reviews internationally.

 


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