Gracia AI launches volumetric video tools for spatial computing and announces $1.2M investment

In Virtual Reality News

June 17, 2024 – Gracia AI, an artificial intelligence (AI) and spatial computing technology company, has today unveiled its AI-powered solution that allows for the creation of photorealistic volumetric videos for spatial computing with 6 degrees of freedom viewing. 

Gracia AI’s platform is designed for professional creators and media companies, and helps to tackle what the company sees is an issue of “limited diversity in VR content” by providing tools that enable rapid content production and efficient distribution to a wide audience.

The company has also announced that it has secured a USD $1.2 million seed investment from The Venture Reality Fund, Triptyq Capital, led by the founder of Vrvana (acquired by Apple),  LVL1 Group, and Future Fund.

Gracia AI stated that the proceeds from this funding will be used to strengthen the company’s team and support the launch of its platform that combines the viewing capabilities of YouTube with the interactive and creative potentials of spatial computing.

“Bringing lifelike volumetric video is the holy grail of Spatial Computing content,” stated Tipatat Chennavasin, co-founder and General Partner of The Venture Reality Fund. “Previous methods relying on photogrammetry were very limited, but new breakthroughs in AI that use radiance fields represent a game change for how the real world can be digitally captured and experienced, and Gracia AI is bringing that revolution to Spatial Computing. We’ve been waiting for over 10 years for the type of content that Gracia AI will enable and it will have profound effects on how we entertain, educate and communicate.”

The startup develops volumetric videos using its own AI model training pipeline, which the company stated are rendered in native resolution 10 times faster than other solutions available on the market today.

Currently functioning on all major virtual reality (VR) headsets, Gracia AI stated that its technology has already been tested by over 1,000 tech enthusiasts, and will soon be accessible on both desktop, mobile devices and the Apple Vision Pro. 

Gracia AI also noted that its platform enables on-device real-time VR rendering with natural parallax effects, ensuring the precise transfer of events from the real world to the digital realm. The company also provides full flexibility of camera positioning in post-production, enabling the delivery of impossible camera 2D flythroughs and immersive repeats extracted from initially processed volumetric video.

“As VR keeps advancing, its applications are extending beyond gaming, its current beachhead application. Our recent launch of Gracia AI is providing a glimpse of a new era of spatial content, making it possible for users to experience events like they were actually there: right next to Taylor Swift at her concert in front of a 50,000-person audience, walking on stage, or following the fighters in the UFC octagon, all from the comfort of their own home,” noted Georgii Vysotskii, co-founder and CEO of Gracia AI.

Gracia AI stated that it is dedicated to “rapidly creating high-quality spatial content for the fast-growing spatial computing market,” and that by providing professionals with tools for rapid production and efficient distribution to wide audiences, it is helping to address limited diversity in VR content.

For more information on Gracia AI and its volumetric video technology, please visit the company’s website.

Image / video credit: Gracia AI

About the author

Sam Sprigg

Sam is the Founder and Managing Editor of Auganix. With a background in research and report writing, he has been covering XR industry news for the past seven years.