Condense Reality, a VR startup developing tech to transform how TV viewers watch live sports and entertainment, has raised funding of €850+K in the seed round. The funding will be used to increase the company’s technology commercialization and R&D capabilities.
Condense Reality has produced a system for streaming hologram-style 3D volumetric video. The technology has the potential to bring sports and entertainment on the tabletop. Condense Reality will originally focus on optimizing its tech for boxing.
Condense Reality’s modular approach merges proprietary software with hardware. Its CR Capture platform uses high-tech computer vision and deep learning to correctly reconstruct the contents of a scene, and the CR Stream enables broadcasters to stream viewers through their own AR or VR headsets.
“Our technology aims to bridge real and virtual worlds by enabling broadcasters to record live events as volumetric video and instantly stream them to viewers. Our initial focus has been on recording sports, in particular boxing, so to be working on this project with BT, one of the biggest boxing broadcasters in the world, is a huge opportunity. At a time when many sporting events cannot be viewed in stadiums, enhancing the communal viewing experience in the comfort of your own home is more timely than ever. We see a bright future for volumetric video, with modern augmented and virtual reality technology providing consumers with the necessary hardware to enjoy volumetric content to its fullest. This hardware continues to improve at a staggering rate, and the mooted launch of an Apple AR headset in 2022 could see adoption explode.” – Nick Fellingham, CEO of Condense Reality.