Pires Investments - New SVV investment in Volograms Limited
("Pires" or the "Company")
New SVV investment in
Volograms' technology enables users to capture volumetric holograms of real people. By inserting holograms into videos, people can create their own immersive Augmented Reality ("AR") and Virtual Reality ("VR") content for use in apps, social media and VR headsets. The mobile AR market is forecast to grow from the one billion compatible devices and over
SVV has successfully led a new
Founded in 2018, through a spin out from
More information on Volograms can be found via the following link: https://volograms.com.
Pires has a circa 13% interest in SVV which is a venture capital fund focused on investing in the software technology sector with a specific focus on artificial intelligence, the internet of things and augmented and virtual reality.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
"We are delighted with SVV's new investment in Volograms. With the mobile AR market forecast for considerable growth in the coming years, we believe that Volograms is opening a new market category for AR photos and video. Already a market leader in volumetric videos and with a well-recognised customer base, we also believe that Volograms' technology will usher in the rapid expansion of the mobile AR industry and so this SVV investment in Volograms is exciting and well-timed. We very much look forward to following Volograms' progress and providing further updates in due course."
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Notes to Editors
The Company is building an investment portfolio of high-tech businesses across areas such as Artificial Intelligence ("AI"), Internet of Things ("IoT"), Cyber Security, Machine Learning, Augmented Reality and Virtual Reality ("AR/VR") and Big Data, which the Board believes demonstrate evidence of traction and the potential for exponential growth, due to increasing global demand for development in these sectors.
For further information, visit: https://piresinvestments.com/.
This information is provided by RNS, the news service of the
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