Virtual reality startup Jaunt reportedly raised $50M-plus funding round

Jaunt's VR view of a Paul McCartney console.

Jaunt has reportedly raised more than $ 50 million in a third round of funding, according to a report in Variety. The funding, if confirmed, is another sign that investors are very interested in the disruptive potential of virtual reality, which immerses you in virtual worlds.

Tech advisor Digi-Capital estimates that virtual reality will be a $ 30 billion market (within the larger $ 150 billion market of virtual reality and augmented reality) by 2020.

Variety reported that the exact number wasn’t available, but it cited multiple unnamed sources. The funding follows a $ 27.8 million round that Jaunt raised last year to create non-gaming virtual reality content, such as 360-degree videos that immerse you in events such as a Paul McCartney concert.

Previous Jaunt investors include Highland Capital Partners, Redpoint Ventures, Google Ventures, BSkyB and others.

Jaunt has unveiled its own VR camera, which can be used to film in all directions at the same time. Jaunt’s own film studio in Los Angeles is headed by former Lucasfilm chief technology officer Cliff Plumer.

VB’s research team is studying web-personalization… Chime in here, and we’ll share the results.


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Okta Hits $1.2B Valuation After New Funding

As businesses are increasing turning to the cloud for enterprise-level software and services, login management startup Okta announced today it has raised a fresh $ 75 million in funding.

Okta helps companies manage the various logins, passwords, and access to a plethora of cloud-based services they may have need of on a consistent basis. Employees enter login info to various services via Okta the first time, then refer back to Okta rather than logging in directly. (So for example, Okta could manage your login info for your company email account, task management service Asana, and the company brand’s Twitter account.) The idea is to get a better sense of who has access to what services, while eliminating possible phishing attacks or other malicious ways a hacker might gain access to a company’s various assets.

“We’re at an important inflection point where IT leaders, product developers, industry analysts and the biggest technology companies in the world are acknowledging the critical role identity plays in connecting people, apps, devices and organizations,” said Okta CEO Todd McKinnon in a statement.

The funding round itself was led by Andreessen Horowitz, Greylock Partners, and Sequoia Capital, with participation from additional existing investors. It also brings the total raised by the company to $ 230 million, and boosts its valuation to $ 1.2 billion, according to the Wall Street Journal. (Yes, for those keeping track, Okta is now the latest member of the Unicorn club — aka startups with a valuation that exceeds $ 1 billion.)

Okta hits $ 1.2B valuation after new funding originally published by Gigaom, © copyright 2015.

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