Virtual Reality

Microsoft Acquires AltspaceVR

Social VR startup included Comcast among its backers 10/03/2017 4:46 PM Eastern

Microsoft has acquired AltspaceVR, the social virtual reality startup and pioneer whose future was in flux after earlier funding efforts had failed.

In August, AltSpaceVR, which had counted Comcast among its early financial backers, said it had entered “deep discussions” to keep the company afloat. 

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Financial terms were not announced, but Microsoft will use the acquisition to help it build “the world’s preeminent mixed reality community,” Alex Kipman, Microsoft’s inventor of the HoloLens, said, according to The Verge.

RELATED: AltspaceVR Is Back From the Dead

“These first few months will focus on fostering our community and making sure AltspaceVR remains a friendly, welcoming and vibrant place to hang out in virtual reality,” Microsoft told the online pub, adding that AltspaceVR will continue to work on several platforms, including 2D mode on PCs and Macs and on the HTC Vive, Oculus Rift, Daydream (Google), and Samsung Gear VR.

RELATED: AltspaceVR Shutting Down

In an email to registered users, AltspaceVR said that “AltspaceVR will stay AltspaceVR,” but noted that Microsoft will now manage all user-created accounts.

Earlier this year, AltspaceVR said about 35,000 people used its platform every month.

Founded in 2013, AltspaceVR has raised about $15.7 million, including a $10.3 million Series A round in 2015 that included participation from Comcast Ventures, Tencent, Dolby Family Ventures and Promus Ventures, among others.

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