Gracia AI raised $1.2 million for a tool that creates photorealistic volumetric videos for spatial computing.
This AI-powered technology is designed for professional creators and media companies, and the videos created with this tool can be viewed at six different viewing degrees of freedom.
The funding comes from The Venture Reality Fund, Triptyq Capital (led by the founders of Vrvana, which was acquired by Apple), LVL1 Group and Future Fund. Proceeds will be used to strengthen the company's team and support the launch of its platform, which combines the viewing capabilities of platforms like YouTube with the interactivity and creativity of spatial computing.
Currently powering all major virtual reality headsets, Gracia AI will soon be available on both desktop, mobile devices and Apple Vision Pro. With over 51 million headsets already shipped worldwide, the spatial computing content market is predicted to exceed 70 million monthly active users by 2026, driving industry growth to over $7.5 billion.
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The company was founded by Andrey Volodin and Georgii Vysotskii, who previously left the company together successfully, and the team includes 15 top developers and designers, as well as marketing advisors from Spotify.
Since its debut at the end of 2023, the startup has already been tested in trial mode by more than 1,000 tech enthusiasts and has signed agreements to develop pilot projects with contemporary artists such as Ellen Sheidlin and British designer Sabina Bilenko.
Gracia AI is addressing the limited diversity of VR content by providing professional creators with the tools to enable rapid content production and efficient distribution to a wide audience. The startup uses a proprietary AI model training pipeline to develop volumetric video, rendering it in native resolution 10x faster than any solution currently available on the market.
According to the company, it enables real-time VR rendering on device with natural parallax effects, allowing for accurate transfer of real-world events into the digital realm. Gracia AI also offers full flexibility of camera placement in post-production, enabling the delivery of impossible camera 2D fly-throughs and immersive repeats extracted from the initially processed volumetric video.
“As VR continues to evolve, its uses are expanding beyond its current home of gaming,” said Georgii Vysotskii, CEO of Gracia AI, in a statement. “Our recently released Gracia AI gives us a glimpse into a new era of spatial content, allowing users to experience events as if they were actually there – watching a Taylor Swift concert in front of 50,000 spectators, walking across the stage or following fighters in the UFC Octagon, all from the comfort of your own home.”
AI technology is seamlessly integrated into a variety of industries, including sports, entertainment, arts and fashion, and content can be published on Gracia AI or easily distributed through SDKs on partner platforms.
“Enabling realistic volumetric video is the holy grail of spatial computing content,” Tipatat Chennavasin, general partner at The Venture Reality Fund, said in a statement. “While traditional methods relying on photogrammetry have been very limited, 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 more than a decade for the type of content Gracia AI enables, and it will have a profound impact on how we entertain, educate and communicate.”
Dedicated to rapidly creating high-quality spatial content for the burgeoning spatial computing market, Gracia AI addresses the limited variety of VR content by providing professionals with the tools for rapid production and efficient distribution to wide audiences.
Gracia AI has a unique technology designed for professionals to create photorealistic volumetric videos for VR with 360-degree perspective freedom. The company's proprietary AI technology enhances Gaussian Splatting to develop realistic volumetric videos for any kind of spatial computing headset, rendering faster than other solutions.
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