Vicara, a Bengaluru-based hardware startup specializing in immersive interaction devices and motion & gesture tracking, announced that it has raised seed funding led by ITI Growth Opportunities Fund. A prominent UK-based Fortune 500 company has also participated in this round, as reported by YourStory.
Commenting on the startup, Mohit Gulati, Managing partner of ITI Growth Fund, said, “At ITI GO we have always aimed at being invested in the next leg of technology. Vicara is a leap into the future of seamless human-machine interaction. Motion tracking until now was primarily used in AR/VR applications. However, now we see many more use cases for the proprietary motion engine that has been built by the Vicara team. Club this with 5G and the world would literally be at your fingertips. We are super excited in partnering with this young and dynamic team in shaping more use cases for this technology.”
The startup will use the funding for team expansion, R&D for their new line of immersive technology solutions, IP development, and client acquisition.
Founded in 2017 by Abhishek Satish and Adarsh Warrier, Vicara is a human augmentation startup working to make a disruptive wearable technology that can enhance and augment the capability of humans to work with their real and digital surroundings.
Adarsh Warrier, the Co-Founder of Vicara, said, ”If you were to take a look around you – from gesture recognition on your phones to fall detection on your smart helmet; from motion analytics on health wearables to productivity tracking at the factory floor – the significance of smart motion based technologies are more today than ever before. The Vicara Motion Engine is our incredibly efficient in-house plug and play motion stack which makes this possible. We aspire to be the driving force of the smart devices around us.”
Earlier in 2017, Vicara had raised angel funding from Michael Marks (Founder of Innoventure Partners) and Mahesh Bhalla (Managing Partner at M3B Capital and Ex-GM of Dell).
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