Clear_pixel VR has secured funding of £378,000 from angel syndicates, led by Huw Bishop in association with the Development Bank of Wales. This week, the virtual reality training platform got featured on our sister publication TechBlast’s Cardiff Startups 2.0, a list that acknowledges under-the-radar tech firms that are yet to receive VC backing.
Clear_pixel VR was created to provide early-stage professional scientists and students with a secure environment to develop and improve their skills by practicing in the virtual world. The VR platform can recreate biomedical science procedures in various fields like electrophysiology, pharmacology, and neuroscience. The goal of the startup is to offer lab-based training and learning opportunities to biomedical science students and individuals in the early stages of their scientific careers from anywhere, at any time.
The company, founded by Jake Spanswick and Quinn Byron-Dyer, expects its innovative approach to cut training time for specialists like biomedical scientists and associated expenses like consumable lab waste by up to 40%. This approach is likely to improve their skillsets and make them more capable in their fields.
The completed deal for Clear_pixel VR is a result of excellent collaboration between Weightmans and Bishop, who have joined hands for the sixth time in the past 12 months to complete deals for five early-stage companies. Nick Gray from Weightmans said, “Our role in completing the deal for these two parties is not only to negotiate the terms of the investment, but also to help establish the structure of the relationship between business and investor.”
Huw Bishop, lead investor, added that “…you’ll have great difficulty financing them [amazing innovations and talented people] without the right type of partners. With support from the likes of Nick and the wider team at Weightmans, we were able to make this deal a reality for Clear_pixel VR, which is a concept and business I’m excited to see propelled forwards.”
Spanswick expressed gratitude to Weightmans, Huw, and all investors, staff, and scientific partners for helping the company reach where it is today. He believes that the clear_pixel VR product is set to lead the way in biomedical sciences with fantastic interest and feedback from around the world, and the team is excited to see what the future holds.
In conclusion, with this recent funding success, clear_pixel VR seems poised to move forward with its noble objective of providing learning and training opportunities to scientists and students anywhere they may be.