A UK tech firm, specialising in shared immersive spaces, has secured a new £2 (€2.3m) million investment to support its global growth plans.
Igloo Vision’s technology and software enables any digital content, including immersive virtual reality or 360° content, to be displayed in a shared space.
In the past, the company has operated by renting and selling its dome-like immersive ‘igloos’. Going
forward, the emphasis is on converting existing meeting rooms into immersive workspaces, enabling digital imagery, documents, video
and animations to be displayed seamlessly across all of the walls.
Following the Covid-19 pandemic, companies are
looking for new collaboration spaces, which enable on-site teams to review data and documents from many different
sources, and also to engage with colleagues based around the world. In the past few months, Igloo’s
immersive workspace technology has been installed by companies such as Nike, Deloitte, Microsoft, FedEx, Diageo, and more.
It has also been installed in more than 40 universities around the world, often to help deliver
virtual lectures to remotely located students.
The £2 million funding round was led by a debt investment
from Frontier Development Capital (FDC). This follows approx £1m of equity raised last year from Ingenious and others.