This month, a funding round was held for Tripp Inc., a firm based in Los Angeles that combines the usage of virtual reality with meditation sessions. The company was awarded a total of $11.2 million. According to a press statement issued by the company, the funds will be used to finance the development of technology that would facilitate wellbeing in the metaverse.
The Tripp platform enables users to create their own experience of visuals and sounds during meditation sessions. The company provides users with a variety of fictitious environments to choose from, such as “Circuit Tree Hero,” which displays a person’s face superimposed over a branching circuit diagram, and a “magic mushroom” landscape.
According to the Tripp website, the objective is to create an environment that is conducive to achieving a state of tranquility or providing an escape to a distant location and other experiences
Additionally, users of the platform are given the opportunity to participate in live meditation classes offered by EvolVR while donning a virtual reality headset. In February, Tripp utilized a mix of cash and equity to complete the acquisition of EvolVR, an online community within the realm of virtual reality that provides services related to meditation.
In Tripp’s most recent funding round, participants included lead investor Bitkraft Ventures, Amazon Alexa Fund, chip maker Qualcomm Inc. of San Diego, gaming company Niantic Inc. of San Francisco, which is responsible for Pokemon Go and other augmented reality games, and HTC Corp. of Taiwan, which is a manufacturer of virtual headsets and smartphones.
Moritz Baier-Lentz, a partner at Bitkraft and a member of Tripp’s board, stated that “it was a really wonderful set of people we could mobilize behind this objective.” In addition to the fundraising round, Tripp just recently made public its announcement that it has acquired Eden, a virtual reality game developed by Bearded Eye.
According to the CEO of the firm, “The launch of Eden on Tripp’s platform will be an important step toward establishing secure, community-driven experiences in the conscious metaverse.”
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