Another contestant has emerged in the race to deliver a mainstream augmented reality car navigation system, with Silicon Valley-based Phiar picking up $3 million in seed funding to launch its own artificial intelligence-based mobile app by mid-2019.
The Venture Reality (VR) Fund and Norwest Venture Partners led the seed funding round, with Anorak Ventures, Mayfield Fund, Zeno Ventures, Cross Culture Ventures, GFR Fund, Y Combinator, Innolinks Ventures, and Half Court Ventures also participating.
“AI-driven immersive and spatial technologies are becoming mainstream,” says Marco DeMiroz… more
