For one reason or another, Israel has become a technology startup powerhouse that investors from across the globe want a piece of. One example would be InfinityAR, an Israeli startup that’s developing a software-based augmented reality engine, which just pulled in $5 million in series B funding that was led by America’s Platinum Partners Value Arbitrage Fund, Japan’s SUN Corporation, and New Zealand’s Singulariteam.
Israeli augmented reality startup InfinityAR announced today it has completed a US$5 million series B funding round led by Japan’s SUN Corporation, followed by New Zealand’s Singulariteam and US-based Platinum Partners Value Arbitrage Fund. InfinityAR makes a software-based augmented reality (AR) engine that will let people interact with augmented content in their physical surroundings. It’s less Google Glass and more Microsoft Hololens. InfinityAR says it “can turn any device with two simple cameras into a powerful content augmentation platform.” InfinityAR’s technology maps the 3D environment, in real time, and enables projecting augmented reality 3D scenes as if they were part of the real world. Furthermore, it enables the user to control augmented reality content using natural hand movements. The technology works indoors and outdoors and requires less computation and energy resources than competitors, says the company in a statement.