Thirdverse Inc. secures $8.5 million investment in VR plans

Thirdverse Inc. secures $8.5 million investment in VR plans

Thirdverse Inc., the Japanese VR developer and publisher behind to the upcoming team-based multiplayer shooter Frostpoint VR: Proving Grounds, has secured $8.5 million USD in investments during a successful Series A funding round.

The money has been raised in the hopes of expanding the developer's VR plans. This round of investment will help the company continue to develop and distribute further VR titles, as well as to manage the company as it continues to make its mark on the VR industry.

Thirdverse co-founders Nogi Ohnogi and Koichi Fujikawa. (Credit: Techcrunch.com)

In a statement, Thirdverse co-founder Masaru "Nogi" Ohnogi said:

"I have personally been involved in the VR industry since 2015, while establishing a fund and incubations globally, and have visited more than 20 countries to see how the VR start-up scene has emerged. Over the past year, our active user base grew with the increase of device penetration in the global market. I strongly believe that the market is finally ready and this is the right time to grow our start-up. We are really excited to release more immersive VR games in the future. VR is now!"

Their first published title, Frostpoint VR: Proving Grounds has recently entered open beta. Although the company was only founded earlier this year, looks like Thirdverse has some big projects on the horizon.

Frostpoint VR: Proving Grounds open beta is out now. (Credit: Thirdverse, Inc.)

The Frostpoint VR: Proving Grounds beta is open now. The official date of release is yet to be announced. You can learn more about Frostpoint here and maybe even get your hands on a free copy!

Author

Liam Noble Shearer

I'm a writer and journalised based in the far North of Scotland with an interest in VR tech, games and industry news.

Scotland http://www.liamnshearer.com Liam Noble Shearer

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