Sliver.tv secures $9.8m in Series A funding
Written by Anthony Strzalek
Sliver.tv, a 360 degree virtual reality (VR) platform, has raised $9.8 million in Series A funding, as it looks to transform the e-sports spectator experience.
The funding round was led by Danhua Capital, along with Heuristic Capital Partners and ZP Capital. With total funding of $17.5 million to date, the Series A round was also participated by Sliver.tv’s existing seed investors, including DCM, Sierra Ventures, The VR Fund, Samsung Next Fund, Sony Innovation Fund, and others.
Sliver.tv’s patented virtual camera array technology captures 2D games played on a PC and renders in real-time a fully immersive 360° in-world stream. It is analogous to placing the viewer or spectator inside the game and giving them courtside seats with VR.
The capital will be used to accelerate the firm’s research and development investments in machine vision, artificial intelligence and virtual reality.
Mitch Liu, co-founder and CEO of Sliver.tv, said: “I’m thrilled to welcome Danhua Capital, Heuristic Capital Partners and ZP Capital to the SLIVER.tv family. Our platform today enables our global fans to connect and truly experience esports in a whole new perspective.”
Dovey Wan, managing director of Danhua Capital, added: “We are very excited to partner with Sliver.tv. Mitch and his team are fundamentally transforming the live spectator experience for global e-sports fans with their patented video streaming technology.”