Orange has just made an investment in an immersive technologies venture capital fund in the United States. A spokesperson for a telecommunications operator said this was done to accelerate the development of new 5G services.
Through Orange Digital Investment, a group of operators is investing in Venture Realty Fund II, which specializes in the field of extended reality (XR). Immersive technologies are generally defined as a sense of immersion under certain artificially formed conditions. These include augmented reality (AR), virtual reality (VR), mixed reality (MR), and artificial intelligence (AI).
The personal and professional uses of XR are understood as the fusion of AR and VR technologies and are expected to include entertainment, Industry 4.0 applications, medical research, education and many other uses, according to ITworld. To realize their full potential, they need reliable ultra-high-speed networks (including 5G) and cutting-edge computing.
Immersive technologies are generally defined as a sense of immersion under certain artificially formed conditions
Orange said it has been studying immersive technology for several years and is the first European company in the telecommunications industry to invest in Venture Reality Fund II. The fund aims to grow to at least $ 50 million and plans to invest in some 35 companies that operate in the XR ecosystem and leverage 5G.
The Orange and VRF teams are expected to establish close ties between Orange and VRF’s California office. Orange is a French telecommunications company that operates in dozens of countries and regions around the world.