Dreamscape Immersive

Overview
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Extended Reality?
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Go-to-Market
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Location-based AR/VR
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Dreamscape Immersive (Dreamscape) offers location-based AR/VR experiences in Los Angeles, California; Riyadh, Saudi Arabia and Geneva, Switzerland. Dreamscape experiences last around 35 minutes and allow up to six people to enter an untethered virtual experience to explore and interact with a computer-generated cinematic world as avatars. The user’s body movements are tracked with motion capture in real time. 

The company generates revenue through ticket sales, which cost ~USD 25. Post-pandemic Dreamscape ventured into other verticals such as immersive scenario training for government, intelligence, and military clients, as well as education. 

Key customers and partnerships

It partnered with no-code immersive 3D-creation platform Zoe Immersive in December 2021 to license its technology to build collaborative VR experiences such as virtual classrooms and immersive training exercises. Dreamscape partnered with Verizon in April 2021, whereby the telco company would use Dreamscape’s technology to make virtual reality experiences for 5G networks. It also partnered with Arizona State University in September 2020 to create immersive and interactive biology labs for around 1 million students. 

A strategic partnership with AMC Entertainment, Inc., who had also invested in Dreamscape’s Series B funding round, in 2017 allowed it to open and operate up to six Dreamscape VR centers at AMC theaters and standalone locations in the US and the UK. The latest location under this tie-up was opened in Paramus in November 2021. 

Funding and financials

Its most recent SEC filings revealed that it raised USD 30.6 million in February 2020


HQ location:
1663 Euclid Street Santa Monica CA USA
Founded year:
2016
Employees:
11-50
IPO status:
Private
Total funding:
USD 60.6 mn
Last Funding:
USD 30.6 mn (Series Unknown; Feb 2020)
Last valuation:
-
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