Atlas V Secures €5M to Conquer VR Gaming

Atlas V, a prominent European producer of VR and immersive content, has completed a €5 million ($6 million) fundraising round from investors including Taiwan-based HTC. This funding is intended to accelerate the company's expansion into gaming and location-based immersive experiences.

Founded in 2017, Atlas V has a history of producing critically acclaimed VR content, partnering with notable talent and premiering works at festivals like Sundance and Cannes. The company's recent productions include 'Wallace & Gromit: The Grand Getaway' and 'Mobile Suit Gundam: Silver Phantom.'

Atlas V is diversifying its focus beyond narrative VR, with plans to produce approximately 50 games per year and roll out intellectual properties into location-based experiences. The company aims to become a vertically integrated studio, handling creation, production, and publishing, with a team of 55 people, many from top gaming companies.

This strategic move into scalable, social gaming experiences aims to drive the next wave of immersive adoption. Atlas V will also explore synergies with HTC's portfolio to bolster its growth in VR gaming.