SPACES Lands $3M For Virtual Reality Startup

Santa Monica-based SPACES, a new virtual reality startup, said today that it has raised $3M in a funding round from Comcast Ventures, Boost VC, Canyon Creek Capital, Colopl VR Fund, GREE Inc., Kai Huang, The Venture Reality Fund, the Sinovation Fund, Youku Global Media Fund and CRCM VC. The new startup, led by CEO Shiraz Akmal and CTO Brad Herman, said they have already been developing a wide range of projects for such clients as Microsoft, NBCUniversal, Big Blue Bubble and The Hettema Group. The company said that both Akmal and Herman were involved in the virtual reality efforts of DreamWorks Animation. More information »