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$7mil Raised For New VR Push

$7mil Raised For New VR Push

Melbourne technology outfit Zero Latency – which late last year teamed with Dell to launch a virtual reality, free-roaming game arena in a remodelled 400 sq m warehouse in Melbourne’s inner-northern suburbs – has raised $7 million in a pre-IPO funding round.

It plans to use the moola to further develop it its virtual-reality game portfolio.

Zero Latency is said to be using the technology of Alienware, a Dell subsidiary whose hardware products are tailor-made for gaming.

It has also been working with REA Group, a subsidiary of Rupert Murdoch’s News Group Australia, to develop a digital real estate “experience” where people can use a headset to “walk” through a VR-projected house or apartment that has yet to be built.

Zero Latency is also said to be building a scenario for Australia’s Special Air Service (SAS) regiment that it could possibly use for training troops.

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