bizztor

Absentia VR, Bangalore Based Startup raises Rs8 crore

Absentia VR  ( a Bengaluru-based AI+Virtual Reality start-up ), has raised Rs8 crore in a round led by Exfinity Venture Partners, the early-stage venture fund said on Tuesday.

In early 2015, three BITS Pilani-Goa undergraduate students, Shubham Mishra, Vrushali Prasade, and Harikrishna Valiyath, decided to dropout of college, they just had an idea to create something better than the Oculus and started Absentia VR.

Absentia VR has developed Norah AI, an artificial-intelligence powered engine that creates 360 degree panoramic content from 2D videos or images.

It uses proprietary algorithms that stitch individual images together and add depth of field to photographs for an immersive experience. The content is viewed on flat screen displays and VR headsets.

Shubham Mishra, CEO and co-founder, said: “With Norah AI, we are aiming to become the world’s first auto content-generation company with a focus on the media and entertainment segment. Over the past few months, the team has been successful in monetising the platform in the area of VR, Augmented Reality, and image processing across industries, and we are on the path to create a long-term disruption in the interactive content industry.”

Absentia VR is targeting the global VR market that is predicted to cross 15 billion by 2018, according to a report on augmented reality (AR) and virtual reality (VR) by MarketsAndMarkets. The virtual reality technology market is expected to reach $15.89 billion by 2020 at a CAGR of 63.18 percent across five year

The virtual reality technology market is expected to reach $15.89 billion by 2020 at a CAGR of 63.18 percent across five year.

 

Visit Website 

Get SEO Insights from Experts

We curate top 10 SEO resources every week and share it with our community. Join our Weekly Newsletter to boost your organic traffic.  

COLLABORATION

Let's Discuss
to create the best
digital
solutions.

We’re a team of creatives people who are excited about unique ideas and help SMEs and Startups with their digital growth.

India Office:

Level 12, Building 8C,
Cybercity, Gurugram.
India – 122002

Email: [email protected]
Call: +91 7027030024
Ireland Office:

The Crescent Building,
Block B, Dublin,
D09 C6X8

Email: [email protected]
Call: +353 89 444 6579
Work inquiries

Interested in working with us?

Email:
[email protected]
Copyright ©2020 Bizztor. All Rights Reserved. Bizztor is a trademarks of Bizztor Media Private Limited.
Sidebar Scroll To Top

HEY YOU, SIGN UP AND CONNECT TO WOODMART!

Be the first to learn about our latest trends and get exclusive offers

Will be used in accordance with our Privacy Policy