VR/AR platform Scapic raises $500k seed funding from Axilor, Speciale Invest and Newfort Capital

30 January 2018, India:

Virtual Reality and Augmented Reality platform Scapic has raised $500k in its seed funding round from Axilor Ventures, Speciale Invest and Newfort Capital.

The fresh capital will be used by startup for product development and research.

“Over the past several decades, every time people made computers work more like we do – every time we removed a layer of abstraction between us and them – computers became more broadly accessible, useful, and valuable to us. With immersive computing, instead of staring at screens or constantly checking our phones, we’ll simply exist in the real and virtual worlds around us,” said Sai Krishna, Founder of Scapic.

Sai added, “Immersive computing will remove more of the abstractions between us and our computers. It’s the inevitable next step in the arc of computing interfaces.”

“Immersive technologies are poised to transform entertainment and dramatically influence multiple domains. And, to enable it, there is need for technology that empowers AR/VR creation in a lucid manner, for non-developers and creatives. Scapic solves this. With a differentiated play on WebVR, Scapic is a frontrunner in the space and set for a global play. Investment in Scapic furthers Axilor’s stance to promote leaders in new and emerging technologies/spaces,” said Ashutosh Upadhyay, Head of Programmes at Axilor.

“We believe that the hardware hurdles in VR are mostly overcome. But for VR to continue to grow mainstream, consumers would need more content from web developers. Scapic is the PowerPoint for VR; it enables the web developer to create VR content through simple steps,” said Vishesh Rajaram, Managing Partner at Speciale Invest.

Scapic was founded by Sai Krishna VK and Ajay VP in 2017. It provides a cloud-based platform for users to build AR and VR scenes using a drag-and-drop interface. The company follows a SaaS (Software as a Service) model with its Free model, which is available free of charge. The company also has a pro model which is a pay-as-you-go model.

(Image – AngelList)