August 3, 2016

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Owlchemy Labs, the maker of the Job Simulator virtual reality game, has raised $5 million in funding from a variety of sources, including Qualcomm and others to help boost titles for the HTC Vive and other VR headsets.

In addition to Qualcomm Ventures, investors include HTC, The VR Fund, Colopl Next, Capital Factory, and other Austin technology investors. The developer aims to create premium VR games across multiple platforms and will use this investment to drive the development of new titles.

“VR has been a deep passion of ours for many years, and being at the forefront of designing new virtual worlds is truly a dream for our whole team,” says Owlchemy Labs CEO Alex Schwartz in a statement. “We’ve solved some of the toughest design and development challenges in this new medium, and with this investment we’ll apply these lessons to a portfolio of full games.”

The developer Owlchemy Labs has also been involved with bringing an animated series Rick and Morty into virtual reality.

“Qualcomm Ventures has made significant investments in early stage frontier technologies, such as virtual reality, and is continuously looking to identify category leaders in this space. We believe that Owlchemy has proven their ability to stand at the forefront of the VR movement with their innovative approach to developing leading VR experiences, and we look forward to working with Owlchemy as they continue to lead the way in developing original content and compelling VR technologies and solutions,” said Richard Tapalaga, a senior investment manager at Qualcomm Ventures, in a statement.

It’s great to see investment in developers to bring more VR titles across the board to enhance the ecosystem. There’s no news on what titles may be in the pipeline for the developer but you can guarantee this investment will catapult content into the VR platforms.

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