Having announced the acquisition of Zens VR and the creation of a new umbrella organisation, Cortopia Group, virtual reality (VR) developer Cortopia Studios has just revealed the closure of a new funding round for the group.
The Cortopia Group has managed to raise an additional 12 million SEK ($1.4 million USD) in a funding round that closed on 30th April, 2018. This new funding round will help accelerate the Group’s R&D of new VR, augmented reality (AR), and esports initiatives alongside support of Zenz VR which joined the Cortopia Group on 27th April.
“Mobile AR is accelerating quicker than we first anticipated and in order to remain competitive, we need to embrace the advances in technology and the ways in which users show us they want to play games,” says Cortopia Group CEO, Andreas Skoglund in a statement. “With the release of ARCore by Google and Apple’s ARKit, building compelling AR experiences is more appealing than ever before and this additional funding round will allow us to pursue additional paths for our group.”
Cortopia Studios’ VR development will continue with its successful PvP combat title Wands, which supports most VR headsets and cross-platform gameplay. Originally launched for Gear VR before expanding to other mobile and PC-based headsets – most recently Oculus Go and Lenovo Mirage Solo – Wands pits wizard against wizard in strategic duels where players not only have to look out for enemies but also the dangerous world around them.
Zenz VR’s three titles HordeZ, X-Fire VR, and Xion are now under the Cortopia Group banner, plus Zenz VR has confirmed work on a fourth VR project although no details have been released just yet.
An update for Wands (version 1.4) is expected soon, with the team having previously revealed it a few months back. When those details arrive VRFocus will let you know.
Source: Cortopia Group Successfully Raises .4 million to Help Accelerate VR/AR Development