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Loft Dynamics, a Swiss startup creating virtual reality simulation technology for helicopter pilots, has raised $20 million in funding from U.S. venture capital firms, including Craft Ventures, Sky Dayton and Up Ventures, Paul reports. Alongside the funding, the company is also formally announcing its name change from VRM Switzerland to Loft Dynamics.
Apropos VR…demand for real estate VR booms, reports Mike, writing that Founders Fund leads a $16 million round into the Giraffe360 platform.
Here’s five more news story and an invite to the consumer electronics startups out there:
In simpler times, founders could often satisfy investors just by showing how quickly their company was meeting growth expectations.
“Well, investors today care about the less-distant future,” said Max Schireson, an operating partner at Battery Ventures.
“They care about how much money they need to put into your company to get to that future and when it will arrive.” In a guest post for TC+, he shares frank advice and multiple scenarios that can help founders meet investor expectations during tough times.
“They say time is the one thing you can’t buy, but in fact, time is the easiest thing to buy at a startup.”
Three more from the TC+ team:
TechCrunch+ is our membership program that helps founders and startup teams get ahead of the pack. You can sign up here. Use code “DC” for a 15% discount on an annual subscription!
Facebook wants to know your age, but before you clutch your pearls, it’s actually for a good reason. Meta is bringing its age verification technology into its Facebook Dating product, Sarah reports. We already don’t know, or want to know, how 50-year-olds meet 16-year-olds, but Meta definitely doesn’t want to gain a reputation for being THAT place.
And now, we have five more for you:
Source @TechCrunch
