FinTechFunding

YBVR: Raises $1.5M in Financing

  • YBVR, a San Jose, Calif.-based XR video distribution platform, raised $1.5m in Pre-Series A funding
  • Backers included Verizon Ventures, Telefonica’s Wayra and Tech Coast Angels
  • The company intends to use the funds to advance technology, build its team and further key partnerships
  • Led by Hector Prieto, Co-founder and CEO, YBVR leverages 360-degree streaming to provide a video platform that enhances the virtual viewing experience
  • The company is able to live stream 8K ultra-high-definition video with next-generation technologies for a premium experience across devices with a sub-second latency
  • The company also has a development team in Madrid and commercial presence in Japan and Australia
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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