Simul Software raises £150k from Maven to develop SimulCaster virtual reality technology.
Maven provided the seed investment through the Northern Powerhouse Investment Fund to support the creation of a virtual reality streaming prototype.
Simul Software develops simulation software that specialises in real time rendering and virtual reality applications. The company builds tools used by major gaming and simulation studios.
Simul Software has secured £150k in seed funding from Maven to develop its new virtual reality streaming technology, SimulCaster. The investment will allow the Liverpool based simulation software developer to build the product to a fully working prototype ahead of a planned commercial launch next year.
The capital is delivered through the Northern Powerhouse Investment Fund via Maven Equity Finance. Simul previously gained industry recognition for pioneering real time raytracing in its flagship trueSKY product, which serves clients across gaming, simulation, and entertainment markets.
From the founder
"The investment from NPIF has allowed Simul Software to pursue a technological breakthrough for VR and AR. Working with Andy, we felt supported every step of the way. He took the time to fully understand our business needs and growth goals."
Roderick Kennedy
Founder and Director at Simul Software
Investor perspective
"It has been a pleasure to with Roderick and the team at Simul. They have extensive knowledge and expertise, which they have used to create yet another impressive product. I look forward to the developments 2019 will bring and I anticipate the success of the market launch."
Andy Critchley
Investment Manager, Maven
Use of funds
- 01Continue product development
Investors
Categories
About the company
Simul Software
Simul Software builds real time rendering and simulation tools for games and virtual reality.