VR firm Envelop Secures $5.5m

Envelop VRVirtual Reality firm Envelop VR has closed its Series A funding with an additional investment from GV, bringing its total Series A round funding to $5.5m (£3.8m), following its initial Series A funding in October 2015, led by Madrona Venture Group. It has raised a total of $7.5m to date.

The company’s Envelop Virtual Environment (EVE) enables enterprises and consumers to create, work and play in a VR environment. It aims to EVE publicly available by the time VR headsets like the Oculus Rift and HTC Vive come to mass market later this year.

EVE will enable those with VR headsets to do their normal computing while they are in a 3D virtual environment, but with the increased benefits and functionality that come with immersive computing. This includes being able to have multiple windows up at any given time, and moving and positioning them within the user’s personal work environment in a way that makes them most productive and best fits their individual needs.
EVE will also allow developers that are creating VR content to be able to comfortably work and stay in their VR headsets, instead of having to constantly switch between the headset and their 2D flat computer monitors as they do now.

“Immersive computing isnt just a consumer phenomenon; business and productivity applications will greatly benefit as well,” said GV general partner, Joe Kraus. “The Envelop Virtual Environment is about making it easy for businesses to bring their applications into VR.”