Augmented Reality's Ogmento Receives Funding For New Games

By William Usher 4 years ago discussion comments
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Ogmento,an Augmented Reality tech company, announced that they've received $3.5 million in funding from Chart Venture Partners, private funders and CNF Investments for the expansion of their game studios in both New York and Los Angeles.

Ori Inbar, co-founder and CEO of Ogmento commented in the press release, saying…
“This investment allows us to expand our operations to support our growth while putting development resources into our own intellectual property,” … “Chart and CNF bring a strong track record of identifying disruptive technologies early, and working with founders to build strong companies.

Ogmento is scheduled to release several video game titles this year alone. And to ensure that their money is going to waste, Chart Venture and CNF sent some financial babysitters over to the board of directors at Ogmento, including Matthew McCooe of Chart Venture Partners and Joe Del Guercio of CNF.

Cole VanNice, a partner at Chart Venture Partners commented about the partnership, saying...
“We’re delighted to be the first VC to provide funding to a company focused on Augmented Reality games, and I’m confident that together we can help Ogmento continue to build on its position as a market leader.”

So long as the quarterly profits are up, eh? Anyway, you can learn more about Ogmento and their AR products by visiting their Official Website.


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