Based in Japan and India. Has led to 1 successful fundraise in Japan. Been working the space of Venture Capital and Private Equity for the last 3 years.

castAR previously Technical Illusions an augmented reality gaming startup today announced that it has closed Series A funding of + million from Playground Global and the company’s seed investors castAR previously completed a successful Kickstarter campaign in , meeting its target in less than 48 hours attracting over 1 million in crowdfunding for its gaming system that provides holographic-like 3D images to users for a shared interactive gameplay experience The new round of funding will be used to drive forward business and continue product development efforts as the company looks to drive adoption among tabletop and interactive game developers castAR is also focusing its attention on attracting engineering business and design talent as it works towards a 2016 commercial launch

Among all the confusion about what separates AR from VR what’s lost is fun said David Henkel-Wallace CEO castAR People want a simple accessible fun solution that they can just pick up and play with their friends without dealing with a bulky uncomfortable headset much less being tethered to a big computer Our goal is to see castAR on store shelves across North America aligned with some recognizable brands in tabletop and interactive gaming Playground’s support will help us get there ‘

castAR was founded by former Valve Software employees Jeri Ellsworth and Rick Johnson who had previously launched that company’s virtual reality initiatives At castAR the team set out to create a fun compact and fully self-contained augmented reality system that users could simply put on and begin playing While several games are currently in development castAR is also working with third party developers to build original gaming experiences that may be played on a variety of physical surfaces

I was really intrigued by David Jeri and Rick’s approach to tackling the problem of how to drive mainstream adoption of AR said Andy Rubin Managing Director and founder at Playground Global and one of the original co-founders of Android They’re the only company I found to be simplifying the utility and application of augmented and virtual reality technology into a fun accessible and portable system that will wow kids and adults alike ‘

Initial shipments of working prototypes have been underway to Kickstarter backers with more on the way The availability of developer kits will be announced in the near future with an anticipated commercial launch in 2016 Developers interested in creating groundbreaking game experiences atop the castAR platform are encouraged to contact contact@castar com The company is actively hiring with open positions posted at castar com/careers/

To learn more about and connect with castAR visit
– Website www castar com
– Facebook www facebook com/technicalillusions
– Twitter www twitter com/techillusions
– LinkedIn www linkedin com/company/technical-illusions

About castAR
castAR was founded in 2013 as Technical Illusions after Jeri Ellsworth and Rick Johnson left Valve Software’s augmented and virtual reality team Soon after David Henkel-Wallace formerly of the MIT AI Lab Xerox PARC and co-founder of groundbreaking companies like Cygnus and Talima was brought on as CEO and the company established its operations in Mountain View CA The company developed an augmented reality gaming system that transforms a user’s physical environment into a digital playground creating a fun and interactive experience Combining hardware and software to create an accessible unobtrusive standalone solution castAR aims to bridge the gap between technology and mainstream adoption emphasizing fun and physical interaction The company raised over 1 million in crowdfunding through Kickstarter and closed a 15 million Series A round lead by Playground Global in August 2016 To learn more about castAR visit www castar com

Please note that this piece of work originally appeared in English at https://www.vcnewsdaily.com/CastAR/venture-funding.php. As Investocracy aims to bring global startup news and updates in both English and Japanese to you, it’s important that we attribute original source to you. If you have any questions/concerns please write to us at contact@investocracy.co

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