The funds will be used to strengthen Gracia AI’s team and support the launch of a platform that combines the viewing capabilities of platforms like YouTube with the interactive and creative potentials of spatial computing. Currently, the technology is compatible with all major virtual reality headsets and will soon be accessible on desktop, mobile devices, and the Apple Vision Pro.
The spatial computing content market is projected to reach over 70 million monthly active users by 2026, with an estimated industry growth of over $7.5 billion. Gracia AI aims to tackle the issue of limited diversity in VR content by providing tools for professional creators, enabling rapid content production and efficient distribution to a wide audience.
Gracia AI’s CEO, Georgii Vysotskii, stated that as VR advances, its applications are extending beyond gaming. The company’s technology allows users to experience events as if they were actually there, from the comfort of their own homes. This technology has broad applications across industries such as sports, entertainment, art, and fashion.
Tipatat Chennavasin, general partner of The Venture Reality Fund, praised Gracia AI for bringing lifelike volumetric video to spatial computing. He stated that previous methods were limited, but breakthroughs in AI using radiance fields represent a game-changer in digitally capturing and experiencing the real world. Chennavasin believes that Gracia AI’s technology will have profound effects on how we entertain, educate, and communicate.
Gracia AI has already been tested by over 1,000 tech enthusiasts and has collaborated with contemporary artists such as Elen Sheidlin and Sabina Bilenko. The company’s AI model training pipeline allows for the rapid production of volumetric videos, rendering them in native resolution 10 times faster than any other solution on the market. The technology enables real-time VR rendering with natural parallax effects and provides flexibility in camera positioning during post-production.
Overall, Gracia AI’s funding round and innovative technology position the company as a key player in the growing spatial computing market. Their tools for creating photorealistic volumetric videos address the issue of limited diversity in VR content and open up new possibilities for immersive experiences across various industries.
