Funding

High Fidelity Raises $11M To Build Deployable Virtual Worlds

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What does High Fidelity do?

High Fidelity, is a San Francisco based startup, an open sourced software for shared virtual reality. The hardware and the internet infrastructure are both available to provide the people globally access to an interconnected Metaverse. This will provide a wide range of chances for education, exploration, creativity and play. And by using the computers in unison in an open shared network, the space can be stimulated at a huger scale than it is possible by a single company or a central hosted system.

How much High Fidelity Funded?

High Fidelity raised $11 M in Series B funding on February 25th 2015 led b True Ventures and Vulcan Capital.

Previous funding

  • $1.6 M/ Venture on April 1st, 2013 from investors True Ventures.
  • $2.4M/ Venture on April 4th, 2013 from investors Google Ventures, Kapor Capital, Linden Lab and True Ventures.
  • $2.5 M/ Venture on March 26th, 2014 from investors True Ventures.

What is next for High Fidelity?

With the new funding High Fidelity is building deployable virtual worlds. The open source software is going to use the new funding for turning into a viable business.

Philip Rosedale, one of the founders of High Fidelity said that he plans to monetize High Fidelity at the points where the community provides value to itself. Users can generate a temporary name to send to their friends so that they can jump into your world quickly and the user can also be able to pay a fee to keep a distinct name for using it long time.

More about High Fidelity

High Fidelity was found on April, 2013 by Freddy Heiberger, Ryan Karpf, Philip Rosedale. It has its headquarters stationed in San Francisco, California. It open sources software for shared virtual reality, deploys a shared virtual space, builds complex interactive experience using standard tools and formats and share computers and scale to huge audience.