Mar 31, 2008
Simmersion Holdings, the software company behind SimUrban, has received $1.9 million in an investment from Blue Cove Ventures, which is backed by Japanese firm Hikari Asset Management. The money will towards developing Simmersion's new virtual world, Mycosm, into the private beta mode set to begin in April.
"We are tackling the core problems with virtual worlds: low fidelity, too technical, no control, no fun and no friends," Bob Quodling, CEO, Simmersion Holdings, said in a statement. "Mycosm brings the power of a compelling virtual world platform to everyday users for free."
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