US-based augmented reality (AR) editing technology developer Ubiquity6 has received $10.5m in a round featuring media company A+E Networks and Gradient Ventures, part of technology conglomerate Alphabet’s Google unit.
Venture capital firm Index Ventures led the round, which also featured media-focused holding company WndrCo, LDV Partners, Kleiner Perkins Caufield & Byers (KPCB) and First Round Capital.
Founded in 2017, Ubiquity6 is developing technology to allow multiple AR users to simultaneously edit the same video space as filmed from their smartphone cameras.
The engine deploys sensors, computer vision and deep learning and can also interpret variables in space and time. Ubiquity6 expects the system to be able to hold AR objects in position once the user has closed their session, according to TechCrunch.
Ubiquity6 was co-founded by company chief executive Anjney Midha, a former partner at KPCB’s emerging tech-focused Edge fund who had specialised in AR, computer vision and virtual reality.
Midha said in a blog post: “Allowing anybody with a smartphone to edit reality is ultimately a way for us to achieve our mission – to unlock entirely new ways for people to connect in the physical spaces they care about.”