June 17, 2024 – Gracia AIan artificial intelligence (AI) and spatial computing technology company, today announced an AI-powered solution that enables the creation of photorealistic volumetric videos for spatial computing with six degrees of freedom viewing.
Gracia AI's platform is designed for professional creators and media companies, providing tools that enable rapid content production and efficient distribution to wide audiences, helping to solve what the company sees as a “limited diversity of VR content.”
The company also announced that it had secured a seed investment of $1.2 million. Venture Reality Fund, Triptych CapitalLed by the founders of Vrvana (acquired by Apple), LVL1 Groupand Future Fund.
Gracia AI said that the proceeds from this round will be used to strengthen its team and support the launch of its platform, which combines the viewing capabilities of YouTube with the interactivity and creativity of spatial computing.
“Enabling realistic volumetric video is the holy grail of spatial computing content,” said Tipatat Chennavasin, co-founder and general partner at The Venture Reality Fund. “Traditional methods relying on photogrammetry have been very limited, but new breakthroughs in AI using radiant fields are revolutionizing how we digitally capture and experience the real world, and Gracia AI brings that revolution to spatial computing. We've been waiting for the type of content Gracia AI enables for over a decade, and it will have a profound impact on how we entertain, educate, and communicate.”
The startup develops volumetric videos using a proprietary AI model training pipeline that the company says renders in native resolution 10 times faster than other solutions currently available on the market.
Gracia AI, which currently works with all major virtual reality (VR) headsets, says its technology has already been tested by more than 1,000 tech enthusiasts and will soon be available on both desktop, mobile devices and Apple Vision Pro.
Gracia AI also noted that its platform enables real-time VR rendering on devices with natural parallax effects, ensuring an accurate transfer of real-world events into the digital realm. The company also offers full flexibility of camera placement in post-production, allowing the delivery of impossible camera 2D fly-throughs and immersive repeats extracted from the initially processed volumetric video.
“As VR evolves, its uses are expanding beyond its current foothold in gaming, and we recently released Gracia AI. Providing a glimpse into a new era of spatial content, users will be able to experience events such as: They were actually there: You can now sit next to 50,000 people at a Taylor Swift concert, walk across the stage or follow a fighter in the Octagon at the UFC, all from the comfort of your own home.” “We are pleased to be working with Gracia AI on this exciting milestone,” said Georgii Vysotskii, co-founder and CEO of Gracia AI.
Gracia AI says it is dedicated to “rapidly creating high-quality spatial content for the burgeoning spatial computing market,” helping to solve the limited variety of VR content by providing professionals with the tools for rapid production and efficient distribution to a wide audience.
For more information about Gracia AI and its volumetric video technology, please visit the company Website.
Image/Video Credit: Gracia AI
Sam Sprigg
Sam is the Founder and Editor-in-Chief of Auganix, with a background in research and reporting and has been covering XR industry news for the past seven years.
