Survios builds consumer virtual-reality games and has shipped notable titles including Raw Data, Creed: Rise to Glory, Battlewake, and Westworld Awakening. The studio recently released The Walking Dead: Onslaught on Steam and is debuting it on PlayStation VR, with an original story co-written by TV show writers and featuring Norman Reedus. Survios has expanded into VR game publishing and deliberately chose not to pursue proprietary hardware, focusing instead on software and cross-platform play. The company is investing in cross-play and locomotion techniques to improve immersion and reduce VR nausea, and it delivers haptic sensations to increase presence. Leadership has been strengthened with new hires in marketing, product, and art to support growth and franchise work. The company views the upcoming hardware cycle (e.g., Oculus Quest 2) and increased consumer interest during the pandemic as tailwinds for larger-scale game distribution. Survios is a VR game studio best known for Raw Data, a title that runs on the HTC Vive. The studio says Raw Data grossed more than $1 million in revenue in the month after its Steam launch. Survios plans to use the new funding to bring Raw Data to more platforms and to expand the broader universe around the title. The company has emphasized location-based entertainment as an important channel to introduce people to VR and generate additional revenue beyond retail releases. Consumer headset adoption has been slower than expected due to high hardware prices, which informs Survios’s focus on theater- and arcade-style experiences. The funding and studio partnerships are intended to support Survios’s goal of becoming a leading publisher and content creator in virtual reality. Survios develops an immersive VR platform that combines body-tracking input with headset-based 3D worlds, described in the article as a "Kinect-meets-Oculus-Rift." The company's technology maps users' physical movements into virtual environments and is currently focused on gaming applications. Survios originated from the University of Southern California Mixed Reality Lab, the same lab that counts Oculus founder Palmer Luckey as an alum. The company recently received external validation and funding momentum following Facebook's acquisition of Oculus. With the new capital, Survios plans to scale its technology and operations to expand its VR offerings. The article highlights hands-on demos at the company's San Francisco headquarters, indicating a working product and active development pipeline.

Total raised

$71M

Funding rounds

3

Latest round

Equity

Latest activity

Oct 2020