Fove Raises $11 Million Series A Investment

Published by , March 27, 2016 1:33 pm

(RoadtoVR) Fove says they’ve raised an $11 million Series A investment to continue R&D and “support [FOVE’s] goal of accelerating mass production of the device in the Fall of 2016.” Fove raised $480,000 on Kickstarter last year to manufacture a development kit of their headset. The company also announced during the campaign that they’d raised an undisclosed amount of capital from Samsung Ventures. Following the campaign Fove went on to participate in the River ‘frontier technology’ accelerator program.
The headset’s primary differentiator is built-in eye-tracking capabilities which opens the door to a number of potentially important VR uses.

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