Virtual reality's greatest strength is in helping users get a glimpse of the unbuilt or non-existent. As a VR real estate company, Beyond Reality understands that the best way for people to truly comprehend something is to have them take a look themselves.
Likewise for Australia-based Lithodomos VR, which creates heavily researched and painstakingly accurate archaeological reconstructions of the ancient world, 3D-rendered and fully viewable via a VR headset. The startup creates content for tourism, education and entertainment purposes and has been featured in museum installations and tourism exhibits around the world. From the website:
Based on the Greek word for "mason", Lithodomos VR is a company that, like Beyond Reality, specializes in building realistic experiences from mere concepts. The company recently raised $900,000 AUD in seed funding for their venture from "Australian investors, spearheaded by a global financial institution", the company mentioned via a Reddit post.
Lithodomos VR has crossed a daunting hurdle for many VR startups, getting off the ground with enough seed funding to build a well-oiled machine. With nine employees, LVR is well on their way to breaking new ground in the education space.
What does this mean for other VR startups in the world of emerging technology? It's yet another signal that VR is slowly churning its way into mainstream adoption, or at a minimum, mainstream exposure. If Lithodomos' new investment and content offering is any indication, it's only a matter of time before VR becomes a staple of schools and post-secondary institutions around the world as a tool to give students a firsthand experience of visual concepts.
For VR startups in every industry, from gaming to industry to real estate, it's a clear signal that the general public is starting to place more value on the usefulness, interactivity and visual engagement that virtual reality is renowned for. We can thus expect the trending interest in VR startups to continue to accelerate as VR technology develops.