vTime Holdings Limited
vTime Holdings Limited is focused on developing and publishing innovative engagement and communication applications and technology for all emerging alternative realities (Virtual Reality / Augmented Reality / Mixed Reality - referred to collectively as xR), which is platform-agnostic (although optimised for mobile) and has both consumer and commercial use cases. The first iteration of this is a free app called ‘vTime’.
vTime brings people together people in a virtual reality environment, allowing them to establish an avatar through which they can communicate, socialise, and share with each other, from anywhere around the world. vTime is currently available on Samsung Gear VR, Google Cardboard (on both iOS and Android mobile phones), Oculus Rift, Oculus Go, Daydream, and Microsoft Windows Mixed Reality – with launches on Sony PlayStation VR, Google Daydream Mirage and HTC Vive coming soon.
According to the Company, the vTime app is approaching 1 million downloads, to date, generated organically without any significant marketing spend on user acquisition, and the app has hundreds of thousands of active users in over 190 countries.
vTime Holdings Ltd was founded in 2013 and is led by games industry entrepreneur, Martin Kenwright. Martin has previously founded and led Digital Image Design in 1989 (acquired by Infogrames in 1998) and Evolution Studios in 1999 (acquired by Sony Computer Entertainment in 2007). The Company has an experienced and proven management team, with an enviable development pedigree in the global games industry developed over more than 25 years. The Company is headquartered in Liverpool, with a presence in San Francisco, and currently employs around 40 full time staff.
The xR market is an emerging market place that is attracting a high level of attention presently, as a number of blue chip companies are keen to understand the potential to deliver new and innovative forms of engagement and communication in xR for their customers, brands and services.
In 2016 vTime Holdings Ltd was recognised by the press as the “First Virtual Reality Social Network” (Daily Mail Online) following its initial release on the Samsung Gear VR.
In 2016, world-renowned technology analyst Gartner named the Company “Cool Vendors” in their Mobile Consumer Applications report.
All the key players in the xR ecosystem, namely Google, Samsung, Oculus, HTC and Sony, have completed the consumer launches of their respective VR formats during 2016; namely Cardboard, Gear VR, Rift, Vive, PlayStation VR and Daydream.
In the short term horizon are significant hardware launches of new xR hardware from Google, Apple, Oculus and others. vTime Holdings Ltd currently has established partnerships with all the key players in xR and is actively developing for these new platforms.
In the longer term, with the arrival of 5G networks, cloud-based AI and wearable xR hardware, vTime Holdings Ltd is developing a range of xR consumer experiences and enterprise technology solutions to harness the multi-billion dollar potential of these opportunities.