There might be an economic downturn on the way, but it's not stemming the flow of investment into the virtual worlds space just yet. The latest company to secure funding is Simmersion Holdings, which is launching a new virtual worlds platform called Mycosm later this year.
The funding comes from Blue Cove Ventures and Hikari Private Equity. Worlds In Motion says the service will let people import 3D content to build their own worlds, and then play games, share media and socialise with friends - adding a social networking element.
Interestingly, the company says it’s targeting business users as well as consumers. CEO Bob Quodling says that it’s “tackling the core problems with virtual worlds: low fidelity, too technical, no control, no fun and no friends.” The private beta will kick off later this year, although right now, the company’s website is just a holding page.
(via Worlds In Motion)
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