The company whose tech can make “virtual reality caves” has one of tech’s biggest names behind it.
WorldViz, a maker of virtual reality tools for enterprises, has received a first round of funding from Intel Capital. The money will help the Santa Barbara, Calif.-based company capitalize on a renewed interest in virtual reality thanks to Facebook’s $2 billion purchase of Oculus VR. Virtual reality, which immerses you in a virtual world, and its cousin augmented reality (which overlays animations on the real world via special glasses), could lead to a $150 billion market by 2020, according to market adviser Digi-Capital.
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