BeamXR Secures £532,000 Funding for XR Innovations
BeamXR, a promising creative technology company based in Newcastle Upon Tyne, UK, has successfully secured a significant funding round totaling £532,000. This investment comprised an equity injection from Creative UK’s North East Culture and Creative Investment Programme, alongside contributions from various angel investors. In addition, the company was the recipient of a generous grant amounting to £266,000 from Innovate UK. This influx of financial support is a clear indication of the confidence investors have in BeamXR’s innovative approach to the burgeoning field of extended reality experiences.
The primary focus of this funding will be on expanding the product capabilities of BeamXR's streaming software development kit (SDK), which is tailored specifically for standalone extended reality (XR) headsets.
Under the leadership of CEO Paul Miller, the company has established itself as a key player in the field of augmented reality (AR), virtual reality (VR), and mixed reality (MR). By continually enhancing their SDK, BeamXR aims to empower both game developers and content creators to take their projects to the next level in terms of functionality and audience engagement.
With the new features implemented through the use of these funds, the SDK will enable developers to seamlessly stream their XR creations on popular platforms such as Twitch, TikTok, and YouTube. This capability is instrumental in reaching wider audiences and elevating user experiences across various digital channels. As BeamXR continues to innovate and push the boundaries of what is possible in XR technology, the upcoming developments will undoubtedly be closely watched by industry insiders and enthusiasts alike, solidifying Newcastle Upon Tyne's status as a growing hub for creative technology advancements.
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