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HomeFinTechAvatour: Raises $2.9M in Seed Funding

Avatour: Raises $2.9M in Seed Funding

Date:

  • Avatour, a San Francisco, California-based provider of remote collaboration platform for site meetings, raised $2.9 m in seed funding
  • The round was led by Ulu Ventures with participation from Merus Capital, NTT Docomo Ventures, Plug & Play Ventures, and 500 Startups
  • The company also intends to use the funds to expand operations and its business reach
  • Avatour provides a platform that combines real-world 360-degree capture, real-time communication, and optional VR/AR technology to immerse remote users in a location as if actually present
  • The cloud-based service utilizes a combination of proprietary software and off-the-shelf hardware to deploy virtual meetings for up to 20 live viewers per session
  • Since its commercial release in March 2020, Avatour has enabled thousands of remote site meetings

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