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DateInvestorsAmountRound

$10.0m

Series A

$14.5m

Series A

N/A

Series B
Total FundingCAD33.4m

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NOLO VR specializes in providing advanced motion tracking solutions designed to enhance virtual reality (VR) and augmented reality (AR) experiences. The company offers a range of products including NOLO X1, NOLO CV1 Air, and NOLO CV1 Pro, which are compatible with various VR platforms such as SteamVR, Oculus Go, and Gear VR. NOLO VR serves both individual consumers and developers in the VR/AR market, focusing on delivering high-quality, 6 degrees of freedom (6DOF) tracking for a more immersive experience.

NOLO VR operates in the rapidly growing VR/AR market, which includes gaming, education, and professional training sectors. The business model is primarily product-based, generating revenue through the sale of its hardware devices and software solutions. Additionally, the company offers a user-friendly platform, NOLO HOME, which facilitates the seamless integration of its tracking systems with popular VR games and applications.

The company’s competitive edge lies in its ability to provide affordable yet high-performance motion tracking solutions, making advanced VR/AR technology accessible to a broader audience. By continuously innovating and updating its product line, NOLO VR aims to maintain its position as a leader in the VR/AR industry.

Keywords: motion tracking, VR, AR, 6DOF, SteamVR, Oculus Go, Gear VR, immersive experience, NOLO HOME, VR games.

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