EON Reality to inject $20 mn in Hyderabad based tech startup Amaze Infotainment
California-based virtual (VR) and augmented reality (AR) software developer, EON Reality Inc is in the process of closing a $20-million (Rs 132 crore) deal with Hyderabad-based technology start-up Amaze Infotainment.
Besides fund infusion, the partnership will involve VR- and AR-based knowledge transfer in the areas of education, edutainment and advertising, Managing Director Bajrang Shah told BS.
“As part of the deal, Amaze Infotainment will set up two interactive digital centre (IDC) networks for EON in India, focused on skills development and knowledge-sharing areas. The two IDCs, which will be located in Hyderabad and possibly at Gurgaon together employing 400 professionals, will be up and running within the next four months,” he said.
Amaze Infotainment would work in tandem with EON and roll out futuristic VR- and AR-based technologies from the proposed IDCs for the global markets, he added.