News and Announcements
tagSpace Mixes up Reality – Delivers the first Global-scale Augmented Reality Publishing Platform
- Published January 11, 2018 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
KEY TAKEAWAYS:
- Ranked #3 Augmented Reality company in Australia by TechBoard
- Raised $1.75M to date
- 4 international patents filed, 2 published
- 12 new global expressions of interest since July 2017
- Mixed Reality browser apps released on iOS & Android app stores
- Mixed Reality authoring website MVP released
- Enterprise-grade Analytics Suite in development
2017 was a big growth year for tagSpace, they matured their mixed-reality technology platform and brought it to market, raised more capital, filed additional worldwide patents, staked their claim in the marketplace and set about finding early customers.
Mixed Reality is the fastest-growing new technology right now and set to hit over $220B in the next 4 years, already surpassing Virtual Reality. The biggest pain point for companies wishing to utilise these technologies however is the technology barrier-to-entry in creating mixed-reality applications and the enormous cost associated with creating and publishing content. tagSpace’s platform (called “tagStorm”) allows their customers to create Mixed Reality experiences without writing a single line of code or needing to create 3D graphics models themselves.
Gaining recognition as global leaders in Mixed Reality technologies, in July, tagSpace was ranked #3 augmented reality company in Australia by TechBoard (https://techboard.com.au/techboard-ranking-sector-spotlight-july-2017-augmentedvirtual-reality-companies/). Since then, they have received 12 expressions of interest with some of the world’s top brands, movie studios and event companies.
2018 is going to be busy for this company…
About tagSpace Pty Ltd
tagSpace offers a Platform-As-A-Service for Mixed Reality, an end-to-end solution for companies to create and place Mixed Reality content in real-world locations – quickly, cheaply and easily.
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