Deutsche Telekom Capital Partners (DTCP), invested $13.5 million in Replay Technologies, an Israeli virtual reality start-up. This raise will form half of Replay Technologies’ total raised amount of $27 million to date. With these huge investments, Replay hopes to continue their development of next-generation, multi-dimensional virtual reality tech. Having only been founded in 2011, such a large investment will send ripples throughout the virtual reality industry, and demonstrates the immense progress made in the last 5 years.
Get The Latest Sports Tech News In Your Inbox!
The company has already introduced freeD, allowing viewers to ‘jump’ into real-life events and experience them from a variety of different angles through virtual reality, which already got sports fans excited.