Virtual reality is one of the hottest sectors in the tech economy, and today’s $4 million in funding for software maker Envelop VR announced reinforces this.
The Bellevue, Washington-based Envelop VR is making enterprise software that enables other businesses and consumers to embrace VR, an immersive technology where you wear goggles and transport yourself into a virtual world. The category is so hot that Facebook bought Oculus VR in 2014 for $2 billion. Tech adviser Digi-Capital forecasts that VR will be a $30 billion industry by 2020.
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