Imaginate, a Philadelphia, PA-based VR/AR company, raised $500k in funding.
SRI Capital, a seed stage venture fund based in Philadelphia, made the investment. In conjunction with the funding, Sashi Reddi, managing partner of SRI Capital, joined the company’s board of directors.
Led by Hemanth Satyanarayana, CEO, Imaginate is the developer of NuSpace, a hardware agnostic, collaboration platform that enables people to communicate with one another in an immersive and interactive realistic virtual world, for purposes such as specialized industrial training, engineering design, remote maintenance and repair. NuSpace operates primarily in the B2B space of specialized training and education.
Imaginate was a part of the NASSCOM 10,000 startups warehouse program in 2016.
FinSMEs
21/02/2017