Virtual and Augmented Reality Startup GridRaster Bags $2 Mn Seed Funding
Palo Alto, California and Bengaluru based startup GridRaster, bagged a seed funding of $2 million from a clutch of investors including Exfinity Ventures, Lumia Capital, Pipeline Capital, NexStar Partners, Unshackled Ventures and Explorer Group.
The startup works on enabling high-end virtual and augmented reality experiences on mobile devices, using multiple stack approach. The company plans to utilize the fund in the development of their product and its marketing.
The USP of the startup is its ability to host high-quality graphics, around 10 times better, the startup claims.
GridRaster claims it solves this problem by hosting the underlying infrastructure on the cloud and managing loads across servers independently. This helps to optimize VR/AR content within the available bandwid...