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VenueGen

Conference: DEMO Spring 2010
Market Segment: Enterprise Software and Services
Funding Amount: $1,000,001-$5,000,000
Funding Round: Angel
Funding Details: Funders are experienced angels who have never lost money with CEO in his other companies (sold 6 out of 6).
Competitors: Teleplace, Second Life for 3D.
Product Description: VenueGen is a browser-based 3D virtual meeting platform where business colleagues meet, collaborate, and present information in board rooms, training rooms, and meeting halls. Users select a venue, enter the room using a photo-realistic avatar, instantly share content and hear directional voices of their colleagues around the room! Extremely simple to use, VenueGen creates shared experiences leading to faster learning and business actions, and is less fatiguing than Web, audio, and video conference calls.
Market Opportunity: VenueGen is used for meetings, learning/training and presentation in companies from $10 million to $1 billion by sales, marketing, and HR/learning. Giga Omni Media says virtual worlds for the enterprise market is a $1 billion market today and will grow to $7 billion by 2014. Gartner says the collaboration market is $34 billion. The travel market $90 billion.