Immersed

A VR Workspace for Remote Teams

Company Information

Website:

https://immersedvr.com

Sector:

Collaboration & Project Management Software

Location:

Austin, TX

Immersed enables teams to work together in a virtual workplace.

Its software creates multiple virtual screens and a virtual whiteboard. This is presented in a distraction-free, private virtual office. Team members can “teleport” into each other’s offices to share screens and collaborate.

Immersed is a timely solution as teams shift to remote work in the wake of Covid-19. Its solution is also designed to disrupt a huge market. Enterprises currently spend $34 billion on collaboration solutions, and are projected to spend $59 billion by 2023.

Immersed has a partnership with Facebook, which declared the startup to have the best user experience for working in virtual reality. Through this partnership, Immersed will launch its platform in Facebook’s Oculus Store. This is affiliated with the social media company’s popular virtual reality device, the Oculus.

Immersed graduated from the Techstars accelerator in 2017. Its team includes a former creative technologist at Google, a former Microsoft Windows software developer, and a former lead developer at Y Combinator.

Team Background

Pablo Vela - Computer Vision Engineer
Joe Bernardi - VR and Web Developer
Renji Bijoy - Founder & CEO
Raising
$1.07 million
Committed
$1.07 million (100%)
Current Valuation
$10 million Cap / 0% Discount
Min. Investment
$100
Deal Type
Title III
(For all investors)
Offering Type
SAFE
Finance History
  • $950K
    2020-04-01
    Unknown
    (Convertible Note)
  • $265K
    2018-10-01
    Unknown
    (Convertible Note)
  • $340K
    2017-11-01
    Unknown
    (Convertible Note)
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