Virtual reality music app TheWaveVR secures $6m in latest funding round

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Austin-based music VR startup TheWaveVR has secured $6 million in its latest funding round, bringing the company' total raised to $10m.

TheWaveVR's USP is that it's a  "platform for people who love music, enabling them to view, host, and socialise in shows world wide, anytime, anywhere".

What that means according to a Tech Crunch report is that "The whole gist of the startup is that it’s one big futuristic music festival that never sleeps inside virtual reality."

“The VR ecosystem is approaching a tipping point with the release of ‘Ready Player One’. With hardware prices coming down, stand-alone headsets like Oculus Go and Vive Focus on the horizon, and developers discovering best use cases, VR is on a sure path to become mainstream,” said TheWaveVR CEO and co-founder Adam Arrigo in a statement .

“We spent last year nailing down the format for these fully interactive concerts and proved people love our experience; this year we’re focused on how that content gets created and shared.”

More on VR:

Adapting to a 3D and VR-obsessed market

Grammy-winning engineer mixes Elton John VR project with Waves Nx plug-in

Global 3D audio market to grow 16.4% by 2025 - report

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