ThirdEye sets up fund for software startups - Main

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‘As ThirdEye grows, it is important that we also bolster other AR/MR companies in the space—especially those making software that is crucial to our target market of enterprise customers’

Quick read

➨ Funding through the ThirdEye Investment Fund starts at $50,000
➨ ThirdEye will also share leads, and provide marketing, sales and support
➨ Companies interested in applying can visit ThirdEye’s website and submit applications on the investment fund page

The story

ThirdEye, developer of X2 Mixed Reality Glasses, has committed to increasing the range and scope of augmented and mixed reality software available to enterprise customers with a new investment fund.

Funding through the ThirdEye Investment Fund starts at $50,000 and the company says it intends to actively aid in the growth of qualifying companies through strong joint partnership and marketing opportunities, including the sharing of leads, and provide marketing, sales and support.

ThirdEye, based in Princeton, New Jersey, USA, and led by founder and chief executive officer Nick Cherukuri, is a hardware and software company. X2 Mixed Reality Glasses boast 6DoF (six degrees of freedom) inside-out tracking, a 42 deg FOV (field of view), and a resolution of 1280 x 720 HD, and as well as an integrated CPU/GPU, 4 gb of RAM and 64 gb of storage under the hood.

ThirdEye sets up fund for software startups - X2 Mixed Reality Glasses 2
X2 Mixed Reality Glasses

Its software includes RespondEye, a dedicated, custom telepresence solution for emergency services and first responders offered through MR Workspace, and DroneEye, which allows users to control aerial drones via X2 MR Glasses.

ThirdEye regularly works with a wide variety of enterprise clients, including those in the healthcare, field services and military spaces, and so is familiar with the software needs of industries. Now, it wants to lend its experience, expertise and contacts to emerging companies in need of support to make their mark in the enterprise market.

ThirdEye sets up fund for software startups - Nick Cherukuri
Nick Cherukuri

Cherukuri says in a press announcement: “As ThirdEye grows, it is important that we also bolster other AR/MR companies in the space—especially those making software that is crucial to our target market of enterprise customers.”

“Enterprise customers want a full end-to-end AR/MR solution, and no single company is poised to meet all these specialised requirements, but if we all work together, we can meet the needs of enterprise customers and provide a convenient and lightweight AR solution.”

Companies interested in applying can visit ThirdEye’s website and submit applications on the investment fund page.

ThirdEye plans to review applicants holistically, and there are no revenue or size requirements to apply for the grant.

Its internal advisory board will evaluate applicants based on the need for particular software apps within the enterprise space, as well as the functionality of the software. 

They will also consider applicants’ financial information. The investment amount received will range depending on the company’s stage, and funding starts at $50,000.

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Images: ThirdEye

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