Bootstrapped by tech veterans with IPO experience, company adds $7
million to accelerate VR content creation, distribution, and monetization
SUNNYVALE, Calif.–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/AmazeVR?src=hash” target=”_blank”gt;#AmazeVRlt;/agt;–AmazeVR, a premium, cloud-based platform for high-quality VR content
creation and mass distribution, today announced that it has raised an
additional $7 million in funding to accelerate the development of
proprietary VR content, created and distributed through the Amaze
platform and its partners. The round was led by Mirae Asset Group (Mirae
Asset Naver New Growth Fund & Mirae Asset Venture Investment), the
leading independent financial services group in Asia, with participation
from several strategic investors, including technology leader LG
Technology Ventures, Timewise Investment, and Smilegate Investment, a
subsidiary of Smilegate, which is building out a VR gaming /
location-based entertainment business.
Additionally, AmazeVR announced a partnership with LG U+ to co-produce
“must see content” in VR. LG U+ will also host AmazeVR content on its
service as well as leverage AmazeVR’s proprietary content generation
tools to make its own VR content production easier, as LG U+ works to
release 1,500 VR experiences this year. The partnership comes as LG U+
is currently one of the leaders in the global telecom race to 5G. The
company has asserted that cloud-based VR will become the next killer
application and use case for 5G. LG Technology Ventures invested in
AmazeVR as part of its strategy to further VR and next-generation
“We believe cloud-based VR is the future, and AmazeVR has developed
elegant technology that enables users to create and share interactive
content very easily,” said Dong-Su Kim, CEO of LG Technology Ventures.
“We are incredibly excited about how the AmazeVR platform will enable
innovative, quality content to be generated at unprecedented scale and
Built for the Future
AmazeVR removes the key barriers to entry for mass VR adoption. It
conquers one of the biggest hurdles — compelling content– by producing
only high-quality 3D, 180-degree videos, using custom cameras built
in-house. This commitment to a quality experience has been core to
AmazeVR’s approach since it launched in April 2017. It became the #1
Free App in the Samsung Gear VR Oculus Store less than five months
later, and AmazeVR has maintained its leadership position ever since,
expanding across all major VR stores. AmazeVR was able to differentiate
itself by developing premium content that is part of an expansive
library which includes 20 interactive projects.
The company also recognized that in order to move the industry forward,
all content shouldn’t be limited to what it could develop in-house.
AmazeVR’s technology is ideally suited to for outside content creators
that need easy-to-use tools to build their own branching narrative
content in VR. AmazeVR’s proprietary content tools allow creators to
rapidly produce interactive VR content without needing an entire team of
engineers. And compared to commercial client stitching software, which
can take hours to process a minute of high quality content, AmazeVR’s
cloud service takes less than five minutes.
In addition to overcoming the content hurdle, AmazeVR offers a path for
content creators to monetize their content, which has always been a
struggle. AmazeVR now offers on-demand and Premium Pass models, through
which users can purchase a single piece of premium content or a
period-based subscription that gives users access to all premium
content. Creators profit based on purchases of both Premium Passes and
“AmazeVR sits at the forefront of VR innovation, successfully bucking
conventional wisdom. We see no reason that VR content shouldn’t be
compelling enough to support a Netflix model. To get there, we must
devise mechanisms to inspire, assist, and reward content creators,” said
Steve Lee, CEO of AmazeVR. “Our approach, commitment to quality,
industry-leading technology, and strategic investors provide a path
forward to make VR/AR the next great frontier for entertainment and
Developed by Visionaries
AmazeVR was developed by a seasoned team of Korean technology veterans
who have worked together for more than seven years across six startups.
Most recently, the AmazeVR team served as early executives of Kakao,
developing product and executing on the vision for what has become an
$8.7 billion market cap mobile platform company and one of the most
successful businesses in Korea. Former Kakao co-founder and co-CEO, JB
Lee (AmazeVR CPO), head of strategy, Steve Lee (AmazeVR CEO), senior
software engineer, Jeremy Nam (AmazeVR CTO), and head of KakaoTalk
messaging team, Steven Koo (AmazeVR head of engineering) went on to
bootstrap AmazeVR in order to uninhibitedly focus on building the
“We saw early on that smartphones would replace mobile phones, and one
of the key contexts that would evolve would be communication, which we
took advantage of at Kakao,” added Steve Lee. “We see a similar consumer
paradigm shift on the horizon with VR/AR, and we are determined to lead
the charge with a truly global platform designed to usher in this
Founded by a team of seasoned technology leaders, AmazeVR offers an
end-to-end VR content service. The company shares its platform and
technology with passionate creators and various partners.
With custom equipment/tools, proprietary software, and a hands-on team,
Amaze develops, curates, and produces VR content for those who want to
be a part of the next wave of content creation. AmazeVR content is
distributed through all major VR stores. The company is backed by Mirae
Asset Group, LG Technology Ventures, Timewise Investment, and Smilegate
Investment. It is based in Sunnyvale, California, with additional
offices in West Hollywood. Learn more at www.amaze.us.
About Mirae Asset Financial Group
Mirae Asset Financial Group is a leading independent financial services
group in Asia, the largest investment bank and the largest asset manager
in South Korea, headquartered in Seoul, South Korea. On a global
consolidated basis, total group’s client assets exceed US$375 billion
(as of 31 Dec 2018). Mirae Asset has a presence in Australia, Brazil,
Canada, China, Colombia, Hong Kong, India, Indonesia, Korea, Mongolia,
Singapore, the U.K., the United States, and Vietnam.
About LG Technology Ventures
LG Technology Ventures was established in 2018 and is the venture
capital investment arm of the LG Group of South Korea. The LG Technology
Ventures team consists of experienced investors, entrepreneurs,
technologists, and industry domain experts. Currently, LG Technology
Ventures is managing over $400 million of fund assets and invests in
early-stage information technology, automotive, manufacturing,
life-sciences, energy, and advanced materials companies. We strive to
create value to our portfolio companies by helping them develop
strategic partnerships with various LG Companies. For more information,
Amber Moore, Moore Communications for AmazeVR
Oppenheimer & Co. To Host 19th Annual Consumer Growth and E-Commerce Conference
Oppenheimer & Co. Inc. (“Oppenheimer”) – a leading investment bank, wealth manager, and a subsidiary of Oppenheimer Holdings (NYSE: OPY) – will host its 19th Annual Consumer Growth and E-Commerce Conference on June 18-19 in Boston, MA. This year’s event features companies from prominent consumer brands such as Autozone, Domino’s Pizza, Express, Home Depot, Lowe’s, Six Flags Theme Parks, Tiffany & Company, Ulta, Walmart, Weight Watchers, and Yum Brands.
Of particular note, Oppenheimer is pleased to host nine of the market-leading companies involved with emerging trends in the Cannabis space this year. The event will also feature seven panel discussions, moderated by Oppenheimer Consumer Research Analysts, addressing emerging and disruptive trends in the consumer marketplace as follows:
- Evolving Role of Technology in the Consumer Sector with Cooler Screens and Lindsay Goldberg LLC, moderated by Brian Nagel
- A Discussion with Emerging Restaurant Brands with Aurify and B. Good, moderated by Brian Bittner
- A Discussion on the Evolving US Food & Beverage Landscape with Lifeway, New Age Beverage, and United Natural Foods, moderated by Rupesh Parikh
- Next Gen Brands Re-Shaping Landscape for Women’s Fashion with CARAA and Rothy’s, moderated by Brian Nagel
- Exciting New Brands Shaking Up Home Products Space with Burkelman, LoveSac and Resident/Nectar, moderated by Brian Nagel
- A Discussion on the Emerging CBD Landscape with Curaleaf and CV Sciences, moderated by Rupesh Parikh
- Leveraging the Power of Digital to Connect with Consumers with Eight and FlexShopper, moderated by Brian Nagel
The conference features Oppenheimer’s Consumer Senior Research Analysts:
- Brian Bittner, Managing Director Senior Analyst covering Restaurants
- Brian Nagel, Managing Director and Senior Analyst covering Retail and E-Commerce
- Rupesh Parikh, Managing Director and Senior Analyst covering Food, Grocery and Consumer Products
- Ian Zaffino, Managing Director and Senior Analyst covering event-driven Special Situations
“Long-established business models are being upended by disruptive brands and technology, affecting consumer preferences and buying behaviors throughout the consumer industry. This year’s event aims to showcase the mix of market-leading and emerging companies driving and navigating these changes,” said Erica L. Moffett, Managing Director and Associate Director of Research at Oppenheimer. “From effortless payment methods to accelerated delivery times and customized products, consumers want a seamless experience. In order to succeed, companies must stay current on the evolving consumer and we are pleased to host a conference to explore this new landscape.”
Oppenheimer’s next conference will be the Montauk Emerging Life Sciences Summit, which will be held on June 26-28in Montauk, NY. The 22nd Annual Technology, Internet & Communications Conference will follow on August 6-7 in Boston, MA, followed by the Midwest Corporate Access Day in Chicago on August 15.
Oppenheimer & Co. Inc.
Oppenheimer & Co. Inc. (Oppenheimer), a principal subsidiary of Oppenheimer Holdings Inc. (OPY on the New York Stock Exchange), and its affiliates provide a full range of wealth management, securities brokerage and investment banking services to high-net-worth individuals, families, corporate executives, local governments, businesses and institutions.
SOURCE Oppenheimer & Co. Inc.
iCAN: Israel-Cannabis CEO and Founder Saul Kaye to Participate at the World Cannabis Congress in Saint John, New Brunswick
iCAN: Israel Cannabis Founder and CEO Saul Kaye will participate at the World Cannabis Conference being held in Saint John, New Brunswick, Canada from June 16-18, 2019.
Kaye, a leader in the global cannabis ecosystem will moderate a session entitled, “Innovative Methodologies and Emerging Topics in Global Cannabis Research.” Panelists are Dr. Suzanne Sisley MD President and Principal Investigator, Scottsdale Research Institute and, Dr. Jerry King, R&D Consultant, CFS. The session will take place at the Saint John Trade & Convention Centre on June 18.
The World Cannabis Congress (WCC) is an exclusive, invite-only event for international cannabis leaders, influencers and trend setters. The event will have hundreds of attendees from around the world from business, government and medicine.
In addition to his leadership of iCAN: Israel Cannabis, Kaye is an industry advisor to the Medical Cannabis Caucus of the Israeli Parliament, as well as an advisor to the Ministries of Economy and Health in Israel. He is a licensed pharmacist and a successful entrepreneur with both retail and e-commerce experience. Saul has founded multiple companies spanning six countries across the US, Europe, Israel and Australia.
“Canada has truly been a global trailblazer in the cannabis industry. Canadian cannabis companies and its stock market are influential and forward looking and we in Israel, the R&D capital of cannabis, collaborate with our Canadian friends on many different levels. I look forward to participating at the WCC as the medicine and business of cannabis develops at breathtaking speed both in Israel and beyond,” said Kaye.
SOURCE iCAN: Israel Cannabis
Loyalist College to launch Canada’s first Technology Access Centre for natural products and cannabis
Loyalist College is the recipient of a $1,750,000 Natural Sciences and Engineering Research Council of Canada (NSERC) College and Community Innovation (CCI) Program grant over five years to launch Canada’s first Technology Access Centre (TAC) for natural products and cannabis. In addition, Loyalist received $1Mthrough the Canada Foundation for Innovation’s (CFI) College-Industry Innovation Fund (CIIF) to add specialized equipment to the TAC.
Loyalist was one of 90 recipients at colleges, cégeps and polytechnics across the country to receive part of the $73M in funding, announced today by the Honourable Kirsty Duncan, Minister of Science and Sport, at Georgian College in Barrie, Ontario. Through the CCI Program and the CIIF, this investment will help post-secondary institutions partner directly with local employers to facilitate commercialization and transform the results of research and development into new technologies to help businesses expand and grow.
The rapid growth of Canada’s cannabis, hops and natural products sectors positions Loyalist’s Applied Research Centre for Natural Products and Medical Cannabis (ARC) as a national innovation hub for small- to medium-sized enterprises. As a TAC, Loyalist will build on the ARC’s 15 years of natural product extraction expertise and analysis-based applied research. In transitioning to a TAC, Loyalist’s ARC will significantly increase the College’s capacity to lead applied research of commercially relevant natural products and cannabis, and to support innovation by enhancing industries’ access to sector-relevant expertise and technology.
The TAC initiative will cultivate an environment for College-industry partnerships to thrive while providing students with unparalleled opportunities for work-integrated learning; investigating extraction, isolation, and formulation; and product development. In partnership with the Quinte Economic Development Commission (QEDC), Loyalist will support the Bay of Quinte’s burgeoning natural products and cannabis sectors to generate regional socioeconomic benefits, and to provide opportunities for a new generation of innovators. Loyalist will also offer companies across Canada a supportive, community-oriented platform from which to enhance their productivity, expand their reach and augment their competitiveness in the global market.
“We are very grateful for NSERC’s continued support and proud to be Canada’s first TAC for natural products and cannabis. Loyalist currently has more than 25 companies interested in applied research, and as our ARC transitions into a TAC, we will be able to meet their requirements while significantly extending our network to help more companies to innovate. Our Biosciences and Cannabis Applied Science students will have the advantage of being involved in ground-breaking research that propels Canada forward as the world leader in cannabis and natural product developments.” – Dr. Ann Marie Vaughan, Loyalist College President & CEO
“It’s great to see this NSERC and CFI funding come through for Loyalist College’s launch of Canada’s first TAC for research in natural products and cannabis. Being able to conduct research in a state-of-the-art facility means that students working in the College’s ARC will be able to build up their expertise in product analysis; which can then be applied directly to commercial development. This is just the beginning of seeing a new series of natural products being designed, assessed, made and delivered from our region.” – Neil R. Ellis, Member of Parliament for Bay of Quinte
“I am so proud to see the innovation that is driving research and economic development in our rural community through Loyalist College’s ARC. Innovation is key to Rural Sustainability and this investment will ensure that we are training the next generation in the latest technological advances. I congratulate them on their NSERC and CFI grant, and wish them all the best of success.” – Mike Bossio, Member of Parliament for Hastings—Lennox and Addington
“The Quinte Economic Development Commission is proud to be a supporting partner with Loyalist College on this important initiative that is aligned with economic development opportunities and priorities in the region. The TAC will support industry research and innovation for companies in key industry sectors as well as helping students develop in-demand skills and experience. Congratulations to the team at Loyalist on launching this important project.” – Chris King, Chief Executive Officer, Quinte Economic Development Commission
SOURCE Loyalist College
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