YBVR accelerates deployment of Sports Metaverse with
additional funding from TELUS Ventures
SAN
JOSE, Calif., July 13,
2022 /PRNewswire/ -- YBVR, the global leader on
Immersive Live Sports streaming, announced additional funding from
TELUS Ventures, to advance the introduction of fully immersive
Sports Metaverse services in Canada.
The investment provides a boost to scale and deploy the
technology across Canada, creating
a major milestone for the company. TELUS Ventures' investment comes
to YBVR on top of previous investments from Verizon and Telefonica,
reinforcing YBVR's research and development across 5G/MEC and low
latency video technology.
"YBVR is looking forward to partnering with TELUS for the
next-generation of Live Sports streaming, bringing the tech that
will make the Metaverse of Sports a marketplace for fans to enjoy
and for the industry to monetize the value created around the
sport," said Hector Prieto,
Cofounder and CEO of YBVR. "With TELUS' 5G/MEC capabilities, we
will ensure fans are closer to live sports emotions, whether remote
or in-venue, providing immersive experiences with sub second
latencies."
In Canada, YBVR will deploy the
next generation VR technology for streaming live immersive sports
and music events with unparalleled quality across devices that is
yet to be experienced.
"We are excited to be working with YBVR on growing the role of
virtual reality experiences in live entertainment and leveraging
our world-leading network to connect audiences with interactive and
accessible content from around the globe," said Mario Mele, Vice-president, TELUS Ventures. "At
TELUS Ventures we value the role technology plays in our day-to-day
lives and are looking forward to working further with this
innovative Silicon Valley based startup."
About YBVR
YBVR is re-defining the way fans experience live sports. Fans
can now experience the magic of 'being there' from anywhere. YBVR
tech enables a new immersive and interactive dialogue with sport
fans, especially the new generations, engaging from home and
in-venue. YBVR cloud-based tech empowers sport and music event
organizers/right-holders with new assets for engagement and
monetization. Fans can decide when, how, what and with whom to
enjoy live streaming with premium viewing experiences, in
real-time, and across devices. YBVR's technology provides
high-quality 360-degree live streams in 8K with patented Field-of-View optimization that
consumes up to 80 per cent less bandwidth.
YBVR headquarters are in California, with commercial presence in
six markets.
YBVR is the leader in immersive sports tech, already
trusted by Wimbledon, Australian Open, Real Madrid, Fan Controlled
Football, Euroleague Basketball and a number of other relevant
players in the sports industry as well as Verizon, TELUS, Singtel
and Telefonica.
YBVR is embarking on their Series A raise to continue their
leadership position in the market and capture the massive Sports
Metaverse opportunity while building additional partnerships with
major players.
About TELUS Ventures
As the strategic investment arm of TELUS Corporation (TSX: T,
NYSE: TU), TELUS Ventures is one of Canada's most active corporate venture capital
funds. TELUS Ventures invests globally in companies from Seed to
Pre-IPO with a focus on innovative technologies such as AgTech,
HealthTech, Connected Consumer, IoT, AI, and Security to actively
drive new solutions across the TELUS ecosystem. Led by a team of
experienced operators, investors and executives, the Ventures team
is passionate about creating positive social impact through
financial tools and has invested in more than 100 companies since
inception. For more information please visit
ventures.telus.com.
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SOURCE Yerba Buena VR