eyecandylab, AR for video, raises $1.5 million seed round; adds industry experts to advisory board
San Francisco - eyecandylab, the company behind augmen.tv which enables augmented reality around video, has raised a $1.5 million seed round led by Band of Angels, Silicon Valley’s first angel investment group, with additional investments from LG Technology Ventures, an investment arm of the South Korean LG Group, and additional angel investors.
The company will use the funds to accelerate the development of its scalable SaaS platform, to enter new strategic markets in Asia and to expand the team in the US. "I am excited to have such amazing partners with us, to support our vision of the interactive future of video entertainment. The entire eyecandylab team is looking forward to igniting the next stage of our company” said Robin Sho Moser, CEO of eyecandylab.
eyecandylab provides a computer-vision software solution using videos as a trigger for AR content on consumer mobiles and AR glasses. Integrated into existing apps, it enables enterprises from media, entertainment, sports and commerce to drive user engagement and tap into new revenue streams by providing an interactive AR layer around screens. Customers include VIACOM, NBCUniversal, WWE, and Softbank.
Together with LG Uplus, eyecandylab will launch an important 5G service in South Korea later this year. "As the leading provider of innovative services in 5G, we are thrilled to offer relevant use cases to our consumers," said Keeman Seoh, Vice President Strategic Alliance & Global Partnership Unit of LG Uplus. "eyecandylab's technology is a perfect differentiator and we are looking forward to taking the next step to extend our leadership position."
To support its expansion plans, eyecandylab is bringing in industry experts onto their advisory board, including AR and spatial computing expert Tom Emrich, Deutsche Telekom’s Director of Immersive Technology Terry R. Schussler and Andy Gstoll, former CMO of Wikitude and founder of Mixed Reality I/O.
> Continue reading the article "eyecandylab Raises $1.5 Million Seed Round; Adds Industry Experts to Advisory Board" on eyecandylab's blog where it was originally published on August 21st, 2019.