Volumetric video specialists will use funds to continue expand hologram offerings for remote entertainment, telepresence, e-learning
TetaVi Ltd, an Israel-based volumetric video capture company, announced a successful series A round of $4 million led by REDDS Capital with participation from company’s existing investors. TetaVi’s holograms deepen engagement levels for remote learning, training and communication.
Founded in 2016 by Dr. Miky Tamir, founder of Orad, SportVu and Pixellot, and Micha Birnbaum, TetaVi creates true-to-life holograms for immersive media enabling accurate and portable VR/AR/XR productions.
“With leadership in global innovation and investments across governments, businesses, United Nations-innovation-hubs, and research, REDDS Capital evaluates thousands of highly curated investment opportunities and technologies,” said Stephan Ibaraki, Chairman and Managing General Partner REDDS Capital and Founder AI for Good. “We believe that Tetavi is a great addition to our portfolio, meeting REDDS open innovation approach and built-in exit strategy.”
“Our VC fund – REDDS Capital, invested in Tetavi after realizing that in addition to the outstanding quality and high level of reliability of its founders and its management team, the company is in possession of a unique disruptive technology, developing a family of products in line with the present trends of its addressed markets, related to: AI, 3D, Image processing and management, big data, smart studios, gaming AR and VR,” said Eliezer Manor, General Partner REDDS Capital and President Shirat Enterprises. “We are proud to see the fast and sustainable growth of its business and are prepared to bring-in our background and expertise related to open innovation with many big strategic corporates and parties, with whom we have on-going working relations.”
“The new investment round will enable TetaVi to further capitalize on our Machine Learning and AI data in order to perfect our end to end volumetric video production chain, which already includes a portable 4 camera studio and algorithm processing,” said Gilad Talmon, TetaVi CEO.
Founded in 2016, TetaVi is a global pioneer in developing a portable end-to-end volumetric video capture system that creates holograms and 3D assets. The AI-based solution allows best-in-class, broadcast quality volumetric video that has immediate marketability for advertising, gaming, sports and 5G use cases. TetaVi’s R&D studio is located in Tel Aviv and has commercial studios in NY, LA and Tokyo. firstname.lastname@example.org and www.tetavi.com
About REDDS Capital
REDDS Capital operates across North America, Israel, Asia and the EU. Our General Partners occupy board positions within leading scientific, technical and financial institutions, and possess rare insight respecting how technology will reshape our world for decades to come.