Send to Kindle
Bulgarian software developer QuarkVR said on Tuesday that it has attracted two new investments worth more than 500,000 levs (3,000/256,000 euro) in total, as it won the trust and support of local investor CEO Angels Club, reports SeeNews.
The startup's most pressing issue currently is the expansion of its team of specialists, QuarkVR said in a statement.
Among the company's main achievements in the past year have been the partnerships with Deutsche Telekom and France's Orange. QuarkVR also partners with companies such as HTC, NVidia, Dell and Intell.
QuarkVR is building out the AR/VR Cloud service for 5G and the Edge Cloud. The QuarkVR solution provides low-latency compression and wireless transmission. The company's B2B model envisages partnering with telecoms to deliver QuarkVR to other enterprises.
CEO Angels Club invests in early stage, post-accelerator startups. It typically expects companies to break-even or achieve a clear meaningful mile stone within 12-24 months of CEO Angels Club's initial investment.
- See more at: https://seenews.com/news/bulgarias-quarkvr-attracts-fresh-funding-plans-staff-increase-638801#sthash.kjh3ORYc.dpuf
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Sofia, the vibrant capital of Bulgaria, is experiencing a surge in its economic landscape, surpassing the average European standard of living, according to senior researcher Peter Ganev from the Institute for Market Economics
Mounting uncertainty looms over Bulgaria's anticipated entry into the Eurozone, with officials cautioning that the prospect may be delayed amidst persisting inflation challenges
In an unexpected turn, Bulgaria and Turkey have been notably absent from the list of the ten cheapest European summer destinations for British tourists
According to the latest data released by the National Statistical Institute, Bulgarian household incomes experienced a remarkable surge in 2023, reaching an average of BGN 10,846 per household member.
The National Statistical Institute's latest report unveils a marginal annual increase in the income of Bulgarians in 2023 compared to their expenses, marking a reversal of the trend observed in 2022
In a recent interview on Nova TV, former Minister of Economy Bogdan Bogdanov expressed skepticism regarding Bulgaria's prospects of entering the Eurozone at the outset of 2025
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022
