What is RemoteReality?
RemoteReality Corporation specializes in delivering advanced 360-degree video solutions. Its product portfolio includes the broadcast-grade Hawk 360 camera, optimized for live sports broadcasting and virtual reality applications, capable of outputting 4K/60fps live 360 video. Additionally, the company offers the miniature Bluejay 360 system, a versatile 360 video streaming module designed for integration into OEM/ODM products across various markets, including smart home, telepresence, security, defense, and automotive sectors. This dual-product strategy positions RemoteReality to cater to both professional broadcasting needs and broader consumer electronics integration.
How much funding has RemoteReality raised?
RemoteReality has raised a total of $2.5M across 2 funding rounds:
Private Equity
$2M
Debt
$500K
Private Equity (2011): $2M with participation from Chart Venture Partners and Connecticut Innovations
Debt (2013): $500K led by Chart Venture Partners
Key Investors in RemoteReality
Chart Venture Partners
Chart Venture Partners is a venture capital fund focused on security-related technologies with government and commercial applications. They invest in differentiated opportunities with large markets, providing industry experience and network support to early-stage companies.
Connecticut Innovations
Connecticut Innovations is the state's strategic venture capital arm, providing equity and debt financing, strategic guidance, and connections to help innovative companies scale, with dedicated funds for sectors like AI/quantum, climate tech, and biosciences.
What's next for RemoteReality?
The recent major strategic investment signifies a pivotal moment for RemoteReality, likely enabling the company to accelerate product development, expand its market reach, and enhance its technological capabilities. This infusion of capital is expected to fuel further innovation in 360-degree video technology, potentially leading to new product iterations or market entries. The company's focus on both high-end broadcast solutions and integrated OEM modules suggests a strategy aimed at capturing diverse segments of the immersive media market. Future growth will likely depend on its ability to leverage this strategic backing to solidify its competitive position and capitalize on the expanding demand for immersive content.
See full RemoteReality company page
