# EKTO VR

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ekto-vr

- Industry: Hardware
- Headquarters: Pittsburgh, US
- Website: www.ektovr.com
- Total disclosed funding: $1.2M
- Latest round: Seed (Jun 9, 2021)
- Investors on record: 2

## About

EKTO VR, Inc. is a technology company focused on developing innovative virtual reality locomotion solutions. Their flagship product, EKTO VR Boots, allows users to walk naturally in virtual environments, enhancing the immersive experience of VR technology.Founded in 2018 in Pittsburgh, US, EKTO VR, Inc. specializes in virtual reality technology. The company has received USD 0.24 mn in Seed funding from Reinforced Ventures as the primary investor. The founder and CEO, Brad Factor, has a history of developing technology solutions aimed at enhancing user experiences in virtual spaces. Since its inception, the company has engaged in three notable funding rounds, with the latest round occurring on June 9, 2021.EKTO VR specializes in innovative virtual reality (VR) locomotion technology, primarily through its flagship product, the EKTO VR Boots. These motorized footwear enable users to walk naturally in all directions within virtual environments, addressing common issues like motion sickness and disorientation associated with traditional VR systems. The design integrates advanced robotics and AI technology, ensuring a smooth and reliable user experience. The EKTO VR Boots are constructed from durable carbon fiber, ensuring they are both lightweight and strong, and have been developed over seven years through multiple iterations. The primary customer base includes both individual consumers and businesses in gaming and entertainment sectors, focusing on markets in North America and Europe.Revenue generation for EKTO VR primarily occurs through direct-to-consumer sales of its EKTO VR Boots and related accessories. The company offers its products through an online platform, allowing customers to purchase individual units or packages tailored to their VR needs. While specific pricing plans for the EKTO VR Boots have not been disclosed, the business model includes one-time purchases and potential bundle offers for enhanced user experience. The innovative nature of the EKTO VR Boots positions them as a premium product in the virtual reality market, appealing to both enthusiasts and businesses seeking to integrate advanced technology into their offerings. The company's approach of leveraging direct sales enhances customer engagement and allows for a streamlined transaction process.In June 2021, EKTO VR, Inc. raised USD 0.24 mn in Seed funding, which will be utilized to further develop its wearable robotic boots for walking in VR. The company also plans to launch a partner beta program by the end of 2021, aiming to enhance product testing and customer feedback. Additionally, EKTO VR is targeting expansion into new markets within North America and Europe to increase its customer base and market presence.

## Funding rounds

- Seed, Jun 9, 2021, $0.2M — Reinforced Ventures
- Seed, Oct 20, 2020, $0.5M — Innovation Works
- Seed, Apr 10, 2019, $0.5M — Innovation Works

## Investors

- Innovation Works (https://capitalatlas.ai/funds/innovation-works) — Seed
- Reinforced Ventures (https://capitalatlas.ai/funds/reinforced-ventures) — Seed