Spatial, a company that creates team workspaces in virtual and augmented reality, has landed $14 million in new funding, bringing its total raised to $22 million.
Why it matters: Spatial has some impressive technology, but will likely need to play a long game, as VR adoption has proven slower than once hoped.
- The company is working with a handful of early customers, including Mattel, Purina and BNP Paribas.
- Investors include iNovia, Lerer Hippeau, Expa, Whitestar Capital, Kakao Ventures, Baidu Ventures and Instagram co-founder Mike Krieger.
My thought bubble: The most interesting thing about Spatial is the way it works across phones and different VR headsets, including Oculus, Microsoft Hololens and Qualcomm's new XR2 reference design. I had the chance to try it out last year at Snapdragon Summit, and the cross-platform capabilities are impressive.
- Here's a video of me trying out the technology.
Go deeper: The complicated future of augmented and virtual reality
