Sections

Moss dev Polyarc secures $9m investment to branch into augmented reality

Series B funding round led by Hiro Capital

Virtual reality games developer Polyarc has closed a Series B round of funding to the tune of $9 million.

The studio is best known for is acclaimed VR adventure Moss, and will use the funding to develop titles for augmented reality.

The round was led by Hiro Capital. Industry veteran Ian Livingstone, one of Hiro's founding partners, will join Polyarc's board of directors.

Funding also came from existing investor Vulcan Capital and Galaxy EOS VC Fund, a partnership between venture capital firm Galaxy Interactive and blockchain software publisher Block.One.

This is the studio's second round of funding, having raised $3.5 million back in 2016 to fund the development of Moss.

“The thing we want people to remember about Polyarc in 40 years is our characters," said CEO and co-founder Tam Armstrong. "Our means to make our characters the most memorable is to build a company oriented around introducing them directly to our players in person.

"VR, AR, and the spectrum in between, offer an opportunity to connect our players with our characters through physical interaction and emotional feedback in a way that no other medium can match. This round of funding was essential for us to expand our development focus to further embrace VR and AR games.”

More stories

Sugar rush financials don't mean we've dodged the COVID bullet | Opinion

Publishers are reporting record revenues -- but the industry isn't “recession-proof” and there's pain to come down the line

By Rob Fahey

Epic Games is now worth $17.3bn following latest funding round

Fortnite firm raised $1.78 billion, including Sony's $250 million investment

By James Batchelor

Latest comments

There are no comments on this article yet. Why not be the first to post one?

Sign in to contribute

Need an account? Register now.