VR & AR Startup Closes $30 Million

Dreamscape Immersive completed $30 million in Series B financing, led by AMC, with participation from Nickelodeon, Bold Capital Partners, 21st Century Fox, Warner Bros. Entertainment, Image Nation Abu Dhabi, Majid Al Futtaim Holdings, and VRSense Solutions.

Dreamscape Immersive uses VR technology to create “a new form of mainstream location-based entertainment.” Little is known about the startup apart from its impressive list of executives, which includes CEO Kevin Rice, who previously spent 15 years at Walt Disney Imagineering.

The company revealed that funding from each investor will be used to help Dreamscape Immersive scale operations, build content, and further its global expansion.