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VR Software Company Envelop VR Raises $5.5 Million in Series A Funding

Virtual reality software company Envelop VR raised $5.5 million in Series A funding, bringing its total backing to date to $7.5 million, it said. The company will use the funding to grow product and business teams with the goal of…

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having its Envelop Virtual Environment software available when VR headsets from Oculus Rift and HTC reach the mass market later this year, said the company. The software enables enterprises and consumers to create, work and play in a VR environment and will allow developers creating VR content to be able to work while in their VR headsets, instead of having to switch between them and their 2D computer monitors, said the company.