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Wevr Announces New $3.5 Million Investment from HTC and Epic Games

Wevr Announces New $3.5 Million Investment from HTC and Epic Games

June 5, 2024 Craig Etkin

Pioneer in Immersive Experiences Prepares for Next Generation Devices

June 05, 2024 05:00 AM Pacific Daylight Time

LOS ANGELES–(BUSINESS WIRE)–Wevr, a creative development and production studio devoted to interactive and spatial experiences, today announced $3.5 million in new funding from HTC Corp. and Epic Games. Original backers of Wevr, HTC and Epic are adding to their investment as Wevr expands its Virtual Studio technology and real-time 3D production capabilities. Advances in spatial computing and new headset technology have created unprecedented opportunities and demand for brands to engage communities creatively. As a pioneer XR studio developing state of the art immersive experiences for the last decade, Wevr is now poised to lead the evolution of spatial content creation and service brands worldwide.

“Wevr is an incredibly creative company with a command of XR technology. They are the ones to beat in this space,” said Cher Wang, CEO of HTC Corp.

“Wevr is an incredibly creative company with a command of XR technology. They are the ones to beat in this space,” said Cher Wang, CEO of HTC Corp. “We share the founders’ mission and passion for creating high quality spatial content and bringing immersive experiences to the next level on premium XR systems.”

“Wevr is a long-time leader in immersive content creation,” said Kim Libreri, Epic Games CTO. “We are excited to see how they take their Virtual Studio platform and Unreal Engine expertise forward to develop next-generation spatial experiences.”

Wevr cofounders Neville Spiteri, co-creator of the seminal VR title TheBlu, Anthony Batt, who previously ran Katalyst studios in partnership with Ashton Kutcher, and Marcel Samek, formerly CTO at Electronic Arts, continue to lead the studio forward, combining their deep technology and creative backgrounds. Wevr has produced some of the most groundbreaking, fully immersive and location-based experiences of the past decade including Harry Potter VR with Warner Brothers, TheBlu immersive ocean franchise, brand experiences with Google, Samsung and Universal, and collaborations with Jon Favreau, Deepak Chopra and Run The Jewels.

“The value-add of engaging demanding fans and brand communities with interactive immersive experiences is more evident than ever,” said Neville Spiteri. “We were pioneers in the space with the first generation of headsets, and are excited to lead in this next wave and produce the most compelling experiences for entertainment and non entertainment brands alike.”

Additionally, Wevr announced that veteran transmedia executive Tim Dillon has joined the leadership team as EVP Business Development. Dillon has extensive experience in interactive & immersive media, experiential & emerging technologies, including at Media.Monks and Moving Picture Company (MPC).

Wevr is developing spatial products on Apple Vision Pro, HTC Vive, Meta Quest and other devices and screen formats, leveraging their Virtual Studio technology. For more information, visit www.wevr.com

About Wevr

Wevr is a leading interactive studio. We collaborate with brands and co-create immersive experiences and spatial apps. Wevr’s expertise includes interactive real-time 3D, Spatial/XR, Generative AI, Simulations and Immersive video. Wevr was recognized on Fast Company’s list of “Top 10 Most Innovative companies in AR/VR.” Wevr’s world class leadership team is comprised of repeat successful technology entrepreneurs, veteran AAA game developers, and award winning artists and storytellers. Investors include HTC and Epic Games.

Contacts

Amanda Orr for Wevr
202-459-1304

(c)2024 Business Wire, Inc., All rights reserved.


Venture Capital
Business Wire, California, Los Angeles, Venture Capital, Wevr

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MIND, the upcoming leader in data loss prevention, today announced $30M Series A funding, just seven months after emerging from stealth, led by Paladin Capital Group and Crosspoint Capital Partners with participation from Okta Ventures and existing investor YL Ventures. This round brings MIND’s total funding to over $40M and will fuel MIND’s strategic growth and enhance its data security platform capabilities. In the past seven months, MIND has achieved 500% customer growth, gained significant traction among Fortune 1000 companies, prevented sensitive data loss across hundreds of thousands of endpoints through its proprietary endpoint agent and delivered immediate value by protecting the sensitive data of leading enterprises.

In a statement Eran Barak, Co-Founder and CEO of MIND said, “MIND was founded to help organizations thrive in the AI era and navigate the exponential growth of sensitive data in complex IT environments.” “Our rapid growth reflects a clear market shift toward smarter, faster and fully automated approaches to DLP and insider risk. This funding validates both our product and the market demand. With the backing of our new investors, each bringing deep expertise in data security, we’re positioned to revolutionize the DLP category, empower secure innovation and double our R&D and go-to-market teams by year’s end.”

MIND is on a mission to help organizations thrive in a digital world in the AI era by protecting their most sensitive data, mitigating risks and preserving brand reputation. MIND is the first-ever data security platform that puts data loss prevention and insider risk management programs on autopilot to deliver both data security posture and data loss prevention. The company enables businesses to mind what really matters—their most sensitive data. Founded and led by cybersecurity leaders and industry veterans, MIND is based out of Seattle Washington.
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TAE Technologies, the leading fusion energy company developing the cleanest and safest approach to commercial fusion power, today announced that it has raised more than $150 million in its latest funding round, exceeding the company’s initial target for the round. Chevron, Google and NEA participated in the round, among other new and existing investors. TAE has the option to raise additional capital as part of this funding round. With more than $1.3 billion in equity capital raised since inception, this latest fundraise further validates TAE’s distinctive approach to commercial fusion.

In a statement Michl Binderbauer, CEO of TAE Technologies, said: “Fusion has the potential to transform the energy landscape, providing near-limitless clean power at a time when the world’s energy needs are growing exponentially due to the growth of AI and data centers. TAE’s technology uses the soundest physics to deliver superior performance in a compact machine, with attractive economics and best-in-class maintainability. We are leading the charge to develop revolutionary fusion technology for full-scale commercial deployment.”

TAE was founded in 1998 to develop commercial fusion power with the cleanest environmental profile. The company has established itself as a leader in an industry that has the potential to transform the energy economy. Since 2014, TAE and Google Research have worked together to accelerate fusion science using cutting-edge machine learning. Google engineers worked onsite at TAE facilities to co-develop advanced plasma reconstruction algorithms, leading to significantly improved plasma lifetime and performance. Fusion is nature’s preferred source of energy. It is the same process that powers the sun and stars, and it is what makes life viable on Earth. When lighter elements fuse under immense heat and pressure, they form new elements and release a tremendous amount of energy. This process is safer than conventional nuclear power because fusion can be stopped at any time – eliminating the risk of a power plant meltdown. TAE remains singularly committed to advancing the frontiers of science and innovation to benefit humanity. With a steadfast resolve to redefine the energy landscape, TAE Technologies is at the forefront of the fusion revolution, poised to usher in a new era of sustainable and limitless power generation for a better tomorrow.
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Joby Aviation, a company developing electric air taxis for commercial passenger service, announced the successful closing of the first $250 million tranche of a previously announced strategic investment from Toyota Motor Corporation. The funding marks a significant milestone in strengthening the long-term collaboration between the two companies and supports their shared vision for the future of air mobility. The investment is aimed at supporting certification and commercial production of Joby’s electric air taxi. This underscores the mutual commitment to deepening integration and delivering next generation travel to global markets. This investment also puts the two companies a step closer toward a strategic manufacturing alliance.

In a statement JoeBen Bevirt, founder and CEO of Joby said, “We’re already seeing the benefit of working with Toyota in streamlining manufacturing processes and optimizing design.” “This is an important next step in our alliance with Toyota to scale the promise of electric flight. With this capital and Toyota’s legendary production expertise, we’re enhancing our ability to scale cutting-edge design and manufacturing to meet the demands of our partners and customers.”

Joby Aviation is a California-based transportation company developing an all-electric, vertical take-off and landing air taxi which it intends to operate as part of a fast, quiet, and convenient service in cities around the world. Powered by six electric motors, their aircraft takes off and lands vertically, giving it the flexibility to serve almost any community. Flying with Joby might feel more like getting into an SUV than boarding a plane. The company's aerial ridesharing service will combine the ease of conventional ridesharing with the power of flight. A green alternative to driving that's bookable at the touch of an app. With more than 30,000 miles flown on full-scale prototype aircraft, their aircraft is designed to meet the uncompromising safety standards set by the FAA and other global aviation regulators. Joby Aviation is now engaged in a multi-year testing program with the FAA to certify their vehicle for commercial operations, and have completed the first three of five stages.
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