ObEN Gets Backing From SoftBank Ventures Korea

Pasadena-based ObEN, which develops virtual reality avatar technology, has scored funding from SoftBank Ventures Korea, SoftBank said this morning. Size of the investment was not announced. SoftBank Ventures Korea said the investment came via its SB Next Media Innovation Fund. ObEn, led by Nikhil Jain, develops software which allows users to take a selfie and voice recording, and turns that into a photo-realistic, virtual reality version of a human. SoftBank says it will help link ObEn into its global network, to connect with major players in the space domestically and overseas, with the funding also going towards market research and outreach. More information »