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Baobab Studios Raises $25 Million in New Funding Round

Road to VR

Original investors included Comcast Ventures, HTC and Samsung, but now join Horizons Ventures, Twentieth Century Fox, Evolution Media Partners (backed by TPG and CAA), China’s Shanghai Media Group, Youku Global Media Fund and LDV Partners. SEE ALSO Comcast, Samsung, and HTC Join $6 Million Investment in VR Animation Studio 'Baobab'.

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A Brief History of VR

VeeR VR

In 1968, Ivan Sutherland and Bob Sproull created the first head-mounted display (HMD) system for immersive simulation applications. In 1991, the first cubic immersive room dubbed ‘the cave’ was developed by a PhD student in her thesis. Two years later, in 2014, Facebook bought Oculus VR company for 2 billion USD.