Dec 08, 2020 IPM News Business, News, Technology & Media Comments Off on 360VUZ attracts additional international investors
360VUZ, the immersive video mobile app, has attracted top international investors and confirms that it secured an additional round of investment to gear up for a strong Series B round. This investment brings the startup’s total amount raised to $8.4 million.
The round had new investors participation from Knollwood Investment Advisory, Impact46, AlFalaj Investment and DAI. The new funding will be used to advance the development of the immersive video app proprietary technology and innovative features, expand its global reach and offer more personalized experiences to build a hyper-connected world.
Chris Rogers, 360VUZ Board Member and Mobile industry expert said: “360VUZ is uniquely positioned to build a global success story. The company has already demonstrated success in building an innovative product that is capable of being highly scalable to different geographies globally.”
“Giving users an unparalleled social immersive experience while building a highly scalable and lucrative business is our focus. We are as well very thrilled that we had the strongest and most profitable quarter to date. Our aim is to elevate our innovative technologies and features to continue in removing constraints of people. We believe that now more than ever our mission is vital to help people and businesses from all around the world by removing barriers of TTA (Travel, Time and Access) using our immersive platform and technologies.” said Khaled Zaatarah, founder and Chief Executive Officer, 360VUZ.
360VUZ has been releasing major features on monthly basis such as the Celebrity Voice Chat Feature and VIP Chat Feature in line with the vision to give users an unmatched experience to connect users, fans and celebrities together and revolutionizing the immersive social experience by building on the Entertainment value curve and making the platform not just a viewing experience but an immersive social experience.
In Q3 2020 alone, 360VUZ signed agreements with over 25 new Telcos from around the world covering markets such as the UK, Spain, Malaysia, Indonesia, Kuwait, Turkey, Morocco, Algeria, and South Africa. The new agreements were set to ease out the subscription for 360VUZ users around the globe and enhance their immersive experience. Telecoms are seeing that immersive media and 5G are the future of video broadcasting. Immersive media such as VR, AR and XR will disrupt the market and will change leadership in telecommunications. 5G is enhancing the user experience of the new media industry.
“With the rise of the entertainment sector in Saudi Arabia, 360VUZ is in a great position to capitalize on this opportunity with its innovative technology and offer a full virtual experience. We’re excited to share the journey with the 360VUZ team, and admire their desire and determination to explore various areas of partnership with both local and international enterprises and introducing a product to serve a global scale.” Added Abdulaziz Alomran, Founding Partner at Impact46.
The new investment is gearing the startup for a strong Series B investment round and positioning 360VUZ as one of the most well capitalized startups in the media and entertainment space.
In addition to Knollwood, Impact46, and DAI investment participation, 360VUZ is backed by investors such as Shorooq Partners, KBW Ventures, Media Visions, AlTouq Group, Vision Ventures, Hala Ventures, 500Startups, Magnus Olsson, Samih Toukan, Jonathan Labin, DTEC Ventures, Plug and Play Ventures, Al Rashid family and other strategic angel investors.
Founded in 2017, The 360VUZ Teleporter mobile app has established a strong global rollout, connecting users in more than 25 countries with a significant increase in user engagement and revenues month over month.
Stay updated on Instagram : https://bit.ly/360VUZ-Instagram
The 360VUZ Mobile App Link : https://bit.ly/360VUZ-App-PR
Comments Off on Cineplex investing in VRstudios; deal includes up to 40 VR attractions at Cineplex properties
Comments Off on Disney Parks introduces new interactive mobile app
Comments Off on Hong Kong’s Road King Makes Multi-Million Dollar Investment in Holovis
Comments Off on Disney Investing Two Billion Euro in Expansion of Disneyland Paris Resort
Jan 15, 2021 Comments Off on LEGOLAND Florida Resort to kick off 10th Anniversary celebration with high wire walk by Nik Wallenda
Jan 15, 2021 Comments Off on Museum of Illusions added to ICON Park Play Pass
Jan 14, 2021 Comments Off on Panasonic providing specialized projection technology for Illuminarium experience centers
Jan 13, 2021 Comments Off on Christie introduce Pandoras Box Version 8 for real-time video processing and show control
Dec 29, 2020 Comments Off on Cedar Fair seeks Corporate Director, Communications
The position will lead strategy development and execution...Dec 28, 2020 Comments Off on Pursuit seeks Financial Analyst, FP&A
This role will focus on all aspects of financial planning...Dec 26, 2020 Comments Off on AOA seeks Show Set Designer
There will be a great deal of freedom, which will be...Dec 09, 2020 Comments Off on Visualization firm THE THIRD FLOOR has openings for a variety of positions
THE THIRD FLOOR is currently seeking Postvis Generalists,...Dec 09, 2020 Comments Off on CineVenture seeks 3D character animator
CineVenture develops high-end content for the global...