Camera Company Lytro Raises $50 Million to Move into VR

VRFocus- There’s no doubt that virtual reality (VR) is helping to surge the popularity of 360 degree videos, allowing users to put on a head-mounted display (HMD) and watch real-time footage as if they were really there. That said, a true standard for shooting VR video is yet to emerge in this early stage of the technology’s life. Camera company Lytro is hoping to make its mark on the industry as it has raised some $50 million USD in order to start working in VR.

The story is too old to be commented.