What They Say
The Stinger Report had news of a new investment of $7.5 million in Series A funding for its headset platform. The blog said that the company was started following the collapse of the previous developer of this style of system, CastAR. (CastAR Shows Projection-based AR Headset at CES – an article we published in 2017). Stinger reports that CastAR ‘burnt through’ $15 million of investment.
The technology behind this AR headset is still seen to offer a great opportunity for consumer and commercial application, and the operation is demonstrating an augmented boardgame experience using the micro-projectors and wand system. The new investment will be used to launch a projection version of the concept and sees investment from BITKRAFT Ventures and Galaxy Interactive, led by SIP Global Partners. An obvious commercial entertainment deployment is inevitable for this technology, once the business has been placed on secure footing.
What We Think
Tilt Five has raised $2.3 million on Kickstarter for its low cost headsets with game boards. This kind of application looks like a good potential market – combining the high technology with the tactile and social experience of traditional board games. Statista data from 2017 puts the value of the tabletop game industry at $7.2 billion, but with good growth forecast. (there’s more data here) (BR)
