Inspace XR raises $750,000 and prepares for Global

inspace

Inspace XR was founded in 2017 by Justin Liang, who is an ex-AMP Ventures team member and Eric Fear, ex-VR Lead at the Academy of Interactive Entertainment. Having only been in the market for less than two years, Inspace XR has achieved great heights in closing deals and partnerships, and more recently, their recent funding round of $750,000 to support their global expansion. Investment of their latest round comes from groups of investors including Australia’s largest angel investment group, Sydney Angels, Artesian, Taronga Group, and Investible.

Inspace XR is developing a range of AR / VR software products to transform the way buildings are designed, constructed and sold. In a new world with Inspace XR, architects are running client meetings in virtual reality by simply converting their projects into a VR-ready experience.


Product Video shown above.

“The global building industry wastes $55 billion annually as a result of construction mistakes due to the misinterpretation of building designs,”

 

Clients of builders and architects are frustrated because they don’t understand floor plans and are also questioning the certainty of rendered images. This results in slow decision making and a high chance of design regret once it’s too late.

 

We created software that easily allows architects and their clients to walk through virtual buildings so they could be happy with the design before commencing construction.

 

Being backed by great investors such as Sydney Angels and Investible allows us to further develop River Fox, create new products, and launch these into overseas markets, starting with the US and China. We’re excited about the positive impact we’ll have on the building industry in 2019 and beyond,” concluded Mr. Liang.

 

Inspace XR CEO and Co-Founder, Justin Liang.

Justin and Eric have already established partnerships with VR hardware providers, university architecture faculties, including Western Sydney University and professional bodies to establish River Fox as the industry standard. This round of investment will support the Inspace XR team to take their business global as they prepare for expansion into the US and China markets.

River Fox is available for purchase. Click here to get a free trial of the product.

See original post on Startup Daily.

Rebecca Pham
Rebecca Pham

Program Manager at Launch Pad

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