Hubraum of Deutsche Telekom Believes in Immersive VR Content and Invests in TEXEL
TEXEL provides a cloud platform for immersive live and on-demand VR/AR experiences. Deutsche Telekom's investment fund and technology incubator, hubraum, joins US and EU based VC's to complete TEXEL's funding round
HERTZELIA, Israel, Sept. 10, 2018 /PRNewswire-PRWeb/ -- hubraum, the tech incubator of Deutsche Telekom, welcomes its newest investment with the TEXEL team. With TEXEL's VR/AR backbone platform, content owners and broadcasters can offer viewers and sports fans a live immersive next generation audio/video experience of the most desired events, globally. The in-stadium excitement is no longer limited to the lucky few that can afford it and are nearby the event. The "virtual seat" experience becomes possible via a proprietary high quality VR/AR service platform. The platform also includes social features and monetization tools.
We have committed to continuous development of abilities to provision the best 360 degrees immersive video quality in our space, with the highest network efficiencies. "TEXEL's uniqueness is based on our service platform, which is content aware, network aware and user aware. Our technology also re-defines social engagement and monetization tools and is simple to deploy", explains Amir Segev, the CEO and co-founder of TEXEL.
"With TEXEL, hubraum is delighted to invest in a great team and VR technology. Collaboration with Deutsche Telekom business units could range from our growing interest in media and sports all the way to more efficient deployment of our 5G strategy," says Axel Menneking, managing director of hubraum.
"As first investors in TEXEL, we are happy to continue to support the team's vision and execution to enhance the VR experience by improving quality to never-before seen levels. We believe that AR/VR is not a trend, but going to have a vast impact on the future of media consumption, and Texel is driving the technology forward to take us to this future" says Hanan Brand, Partner at Cornerstone Venture Partners.
"TEXEL's virtual seat approach is democratizing access to live sports events. Such democratization of access brings value to millions of sport fans globally who would benefit from a near in-stadium experience from the comfort of their homes," says, Francesco Russo, Head of Investments at Alchimia SpA.
About TEXEL
TEXEL provides a white label platform that enables content owners, broadcasters and telecom companies the provisioning of a immersive VOD and live 360 degrees videos of the most desired events on the planet. The platform offers the best video quality and highest network efficiencies and includes advanced social and monetization capabilities. The company, based in New York and Tel Aviv, is led by Amir Segev, Guy Zisman and Ariel Galinsky all senior executives from the broadcast and digital media technology world.
SOURCE TEXEL
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