Sure Ventures PLC VividQ update (2341Z)
17 Settembre 2020 - 08:00AM
UK Regulatory
TIDMSURE
RNS Number : 2341Z
Sure Ventures PLC
17 September 2020
Sure Ventures plc
("Sure Ventures" or the "Company")
VividQ collaborates with Arm to power holographic display on
mobile
Sure Ventures, a London listed venture capital fund which
invests in early stage software companies in the rapidly growing
technology areas of Augmented Reality ("AR"), Virtual Reality
("VR") Internet of Things ("IoT") and Artificial Intelligence
("AI"), is pleased to provide an update on its investment in
VividQ, a deep technology software company focused on 3D
holography; an investment Sure Ventures holds directly, and also
indirectly as part of the investment portfolio of Sure Valley
Ventures Fund ("SVV").
On 15 September 2020, VividQ announced a collaboration with Arm,
a world leading technology provider of silicon IP, to further
enable the integration of holographic display into AR wearables and
to make VividQ's software compatible with mobile devices with Arm
Mali Graphics Processing Units ("GPUs").
Holographic display will enable realistic depth perception;
considered to be one of the major opportunities for advancement in
consumer AR. The natural depth of field in AR can be achieved with
Computer-Generated Holography ("CGH") powered by VividQ software,
which is the method of creating holograms digitally. Each hologram
is encoded with all the necessary information required to display a
three-dimensional scene, with depth, to the viewer.
Sure Ventures has made a EUR7m commitment to SVV, representing
an interest of 25.9% across the SVV investment portfolio and SVV
also made a direct investment of GBP500,000 in VividQ, announced to
the market in April 2019.
Gareth Burchell, director of Sure Ventures commented:
"This is excellent news for VividQ, Sure Valley Ventures and
Sure Ventures shareholders. Our direct investment of GBP500k and
the exposure we hold through Sure Ventures makes VividQ our largest
holding. ARM are at major global player and this further endorses
VividQs technology and acts as excellent validation of our view of
holography and is place in the future of AR technology"
- Ends -
For further information, please visit www.sureventuresplc.com or
contact:
Gareth Burchell Sure Ventures plc +44 (0) 20 7186 9918
Notes to Editors
Sure Ventures plc listed on the London Stock Exchange in January
2018 giving retail investors access to an asset class that is
usually dominated by private venture capital funds. Sure Ventures
is focusing on companies in the UK, Republic of Ireland and other
European countries, making seed and series A investments in
companies with first rate management teams, products which benefit
from market validation with target revenue run rates of at least
GBP400,000 over the next 12 months. Website:
https://www.sureventuresplc.com/
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