# Teleplace

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/teleplace

- Industry: Software
- Headquarters: Redwood City, US
- Website: www.teleplace.com
- Total disclosed funding: $7M
- Latest round: Series A (Nov 27, 2007)
- Investors on record: 2

## About

Teleplace Inc. develops innovative virtual collaboration solutions through its platform Virtend, designed to enhance team productivity in immersive environments, surpassing traditional communication methods.Teleplace Inc., founded in 2005 and headquartered in Redwood City, US, specializes in immersive collaboration technology. The company has undergone a strategic focus on virtual solutions without any notable pivots. In August 2010, it secured a Series A funding round totaling USD 7.00 mn from investors Alloy Ventures and Storm Ventures, marking a significant milestone in its growth. The founder has a history in technology ventures but specific prior company details are not available.Teleplace Inc. offers Virtend, a sophisticated virtual collaboration platform enabling users to engage in 3D environments. The platform facilitates real-time interactions with spatial audio, 3D model manipulation, and interactive whiteboarding, promoting innovative collaboration across various sectors. Key clients include educational institutions such as the University of São Paulo and programs like the US ARMY Transition Assistance Program, with a focus on markets in North America and South America, with potential expansions into Europe and Asia.Teleplace Inc. operates on a subscription-based revenue model for its Virtend platform, targeting businesses and educational institutions that seek immersive collaboration. Clients typically choose annual or monthly plans that vary in access and features tailored to their needs. The subscription includes tools for creating persistent 3D spaces and managing projects effectively, indicating a direct-to-business (B2B) approach, although specific pricing details remain undisclosed. The platform is central to transforming collaboration for teams of all sizes.In August 2010, following its latest funding round, Teleplace Inc. plans to utilize the raised USD 7.00 mn to enhance the development of Virtend and launch new features. The company is actively targeting market expansion into Europe and Asia, with efforts expected to unfold in the coming years. Strategic initiatives will focus on new product enhancements and outreach to educational and corporate sectors to broaden its user base.

## Funding rounds

- Series A, Nov 27, 2007, $7M — Alloy Ventures, Storm Ventures

## Investors

- Alloy Ventures (https://capitalatlas.ai/funds/alloy-ventures) — Series A
- Storm Ventures (https://capitalatlas.ai/funds/storm-ventures) — Series A