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Lucid VR raises $2.1m seed funding

Lucid VR raises $2.1m seed funding

Lucid VR, creator of the LucidCam, a stereoscopic VR camera aimed at consumers, has raised $2.1 million seed funding to mass produce the camera. The company has also signed a deal with Wistron, one of the top 5 ODMs worldwide, which will manufacture the cameras.

The company received investments from Wistron, S2 Capital, Lab360, TEEC Angel Fund, 17 Miles Technology as well as other angel investors.

“LucidCam brings people together across the world by capturing incredible immersive experiences in VR, the same way as your eyes see them. Now you can easily share your moments with friends and family within seconds in VR,” said CEO, Han Jin. “With our relationship with Wistron we will be developing a beautifully designed and engineered camera that is going to surpass our original plans. We are very excited to announce that we will be upgrading our backers with a first production version of the LucidCam with double the resolution and frame rate, in addition to extended battery capacity. The viewing experience in VR headsets will be so much smoother with 2K and 60 frames per second.”

Lucid VR Co-founders CEO, Han Jin, and CTO, Adam Rowell. (Image: Lucid VR)

Lucid VR Co-founders CEO, Han Jin, and CTO, Adam Rowell. (Image: Lucid VR)

LucidCam crowdfunded its first round of production cameras in December 2015. The cameras will now to be produced by Wistron Corporation and delivered in the “later half” of 2016.

LucidCam is designed to allow anyone to easily capture amazing 3D spherical videos and images with the touch of a button.

The camera’s technology was created by the company’s founders, Jin and his co-founder and Dr. Rowell, a Stanford Ph.D. in Electrical Engineering who is specialised in computer vision and image processing. LucidCam breaks down expensive Hollywood 3D production camera systems to a small form factor, making it more affordable for the masses and eliminating the long-winded postproduction processes. It leverages binocular lenses to create true depth as well as peripheral vision and utilizes two microphones — essentially mimicking human eyes and ears. It fits into the user’s pocket like a mobile phone so users can capture immersive images and videos anywhere, anytime. With a 180-degree field of view, LucidCam allows users to stick to the traditional point-and-shoot approach, simply pressing the shutter and holding the camera steady to capture everything – no panoramic sweeps required.

LucidCam: Quick spec check.

LucidCam: Quick spec check.

“We will be bringing a remarkable VR camera to capture great immersive videos. There are so many applications for 3D VR content, but the potential is limited when only a few people have access to the tools. With LucidCam we want to put the power of content creation into your hands, because only then the potential of VR will unfold,” the company said.

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