Wednesday August 31, 2016

HTC Makes $5M Investment In VR Gaming Startup

It's a pretty big vote of confidence when HTC, the company behind the Vive VR headset, invests a cool $5 million in your company. The current game from Steel Wool Studios is Quar: Battle for Gate 18 and currently has overall positive reviews on Steam.

HTC is continuing to invest heavily in building up the virtual reality ecosystem that it hopes to one day dominate. Steel Wool Studios, an Oakland-based gaming studio made up of Pixar veterans with a few decades of animation experience under their belts, announced today that it has closed a $5 million round of Series A funding coming entirely from HTC, the manufacturer of the Vive virtual reality headset.