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Major Takeaways:

  • WorldViz has received a funding round from Intel Capital, with an undisclosed amount.
  • The company has created VR applications for enterprises as well as software development tools, and even VR  “caves,” where projectors paint VR images on a wall.
  • “We’re quite excited about the relationship with Intel, which will get us access to capital and technologies like Intel’s RealSense 3D cameras,” said WorldViz CEO Andy Beall in an interview with VentureBeat.

VentureBeat talks about WorldViz’s latest funding round from Intel Capital, and the potential for growth in the enterprise VR space.

From the article:

The company whose tech can make “virtual reality caves” has one of tech’s biggest names behind it.

WorldViz, a maker of virtual reality tools for enterprises, has received a first round of funding from Intel Capital. The money will help the Santa Barbara, Calif.-based company capitalize on a renewed interest in virtual reality thanks to Facebook’s $2 billion purchase of Oculus VR. Virtual reality, which immerses you in a virtual world, and its cousin augmented reality (which overlays animations on the real world via special glasses), could lead to a $150 billion market by 2020, according to market adviser Digi-Capital.

The amount of Intel’s investment wasn’t disclosed. But it speaks highly of WorldViz’s comprehensive approach to virtual reality, which I’ve witnessed firsthand. WorldViz makes both hardware and software for a variety of VR applications, and it partners with a lot of makers of VR gear.

WorldViz makes virtual reality applications for enterprises as well as tools for creating software. These include cool virtual reality “caves,” where projectors paint VR images on a wall. You can maneuver through 3D landscapes, such as an operating room, and move objects around, as an architect might. You can reach into the world using gestures that a handheld sensor picks up.

I also tried out a WorldViz application where you wear Oculus Rift VR goggles. It has realistic sound and imagery that makes you feel like you are walking a plank between two columns, with a steep fall on either side. In fact, I was walking on a carpet. But it was so realistic that I almost lost my balance and felt like I was standing on a precipice. These are pretty cool VR effects that go beyond what you normally see in the space.

“We’re quite excited about the relationship with Intel, which will get us access to capital and technologies like Intel’s RealSense 3D cameras,” said WorldViz CEO Andy Beall in an interview with VentureBeat. “They bring a lot more than cash and silicon. They have a huge Internet customer base and a lot of research with their perceptual computing group. They will help us gain recognition in a virtual reality field that is moving a lot faster.”…

Head to Venture Beat for the full scoop.