Augmented reality app vTag, ‘the next step on the journey of vTime to connect people using alternate realities’, is now available on iOS, following a top-up series A investment of $4.1 million from Deepbridge Capital
➨Founded in 2013, vTime develops augmented, virtual and mixed reality communication experiences.
➨ vTime says the social augmented reality app, vTag, is now available globally on iOS, excluding China
➨ The app’s introduction on iOS follows Deepbridge Capital’s follow-up series A investment of $4.1 million in vTime
UK-based immersive technology company vTime is going global after raising an additional $4.1 million in series A funding.
Founded in 2013, vTime develops augmented, virtual and mixed reality communication experiences.
Its social augmented reality app, vTag, is now available globally on iOS, excluding China.
vTag combines customisable, face-tracked, body-tracked, full-body avatars with augmented reality geo-messaging. The app enables users to create bespoke avatars, then bring their creations to life using their voice, expressions and body movements in a vTag, or a sharable 3D moment.
The app takes advantage of the iPhone 12 and iPad Pro’s LiDAR functionality to add object occlusion and uses machine learning for avatar creation. ‘vTags’ can be sent directly or pinned to real-world locations. The app can also be used to create content for social media platforms.
Its introduction follows Deepbridge Capital’s top-up series A investment of $4.1 million in vTime.
Deepbridge Capital, an investment management firm based in the UK, led vTime’s series A funding round in 2018, when the company raised $7.2 million.
So far, vTime has raised $11.7 million from the series A funding round. It plans to expand vTag with content from brands and artists, and onto new platforms, including augmented reality wearables.
Clemens Wangerin, managing director of vTime, described vTag as “the next step on vTime’s journey to connect people using alternate realities”.
Wangerin continued: “vTag brings your hyper-personalised virtual moments into the real world and uses geo-tagging technology to offer an exciting glimpse at a personalised AR cloud.”
“vTag enables users to send more than a message—people are sending 3D moments, a new form of self-expression to stay connected, create content, and engage with the people who matter.”
vTime XR, its cross-reality social media app, will be available on Oculus Quest and Oculus Quest 2 from 5 November.
The social media app is currently used in more than 190 countries and has more than a million downloads to date.
In 2020, vTime moved into augmented reality with vTag, marking the company’s presence on several major platforms for the first time.
Main image: vTime