Edtech gaming studio secures £4.5m alongside first VR title launch
An edtech gaming studio has closed a multi-million pound funding round alongside the launch of its first virtual reality (VR) title.
Kuato Studios has secured £4.5m in its newest investment round led by Horizon Ventures, as well as launching its VR title ‘Panic Room’.
Founded in 2011, Kuato Studios is an educational gaming company that aims to redefine the way children learn through virtual reality technology.
The firm, which has secured partnerships with brands such as Disney, Marvel and Dreamworks, has accelerated development of its technology during the pandemic and subsequent social and educational disruption.
Mark Horneff, managing director of Kuato Studios, commented: “Virtual reality has progressed significantly over the last decade, but a primary issue stems from the fact it’s a single-person experience. We are incredibly excited to be launching this game as part of our ambition to shift into the VR market.”
“Our aim is to create compelling and memorable virtual reality experiences where gamers of all ages can share moments with their friends online. Our model offers a simple, social and cost-effective solution.
“Our vision is to test out the technology with ‘Panic Room’ and then extend it to our library of games, which align with Kuato’s education-driven ethos where children can learn and play, whilst parents, carers or teachers can oversee gameplay.”
Teddy Chatjaval of Horizons Ventures added: “We are thrilled to continue our close relationship with Kuato Studios at this exciting time when they are developing the ‘Actor/Director’ platform for VR.
“This is a testament to Kuato’s longevity and adaptability to the ever-changing interactive entertainment landscape.”
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