YBVR BUILDING THE METAVERSE OF SPORTS WITH 5G TECHNOLOGY IN CANADA

Rhea-AI Summary

YBVR has received additional funding from TELUS Ventures to enhance the rollout of its Sports Metaverse services in Canada. This investment, building on previous support from Verizon and Telefonica, aims to advance YBVR's immersive live sports streaming technology, leveraging 5G/MEC capabilities for low latency experiences. YBVR's technology is designed for high-quality, interactive sports streaming, enhancing fan engagement while creating monetization opportunities for event organizers. The company is also preparing for a Series A raise to further capitalize on the growing market.

Positive

• TELUS Ventures' funding enhances YBVR's rollout of Sports Metaverse services.
• Investment supports scaling of immersive sports streaming technology across Canada.
• Previous investments from Verizon and Telefonica reinforce company credibility.
• 5G/MEC capabilities will improve fan engagement with low latency streaming.
• YBVR is preparing for a Series A raise to capture Sports Metaverse opportunities.

Negative

• None.

YBVR accelerates deployment of Sports Metaverse with additional funding from TELUS Ventures

SAN JOSE, Calif., July 13, 2022 /PRNewswire/ -- YBVR, the global leader on Immersive Live Sports streaming, announced additional funding from TELUS Ventures, to advance the introduction of fully immersive Sports Metaverse services in Canada.

The investment provides a boost to scale and deploy the technology across Canada, creating a major milestone for the company. TELUS Ventures' investment comes to YBVR on top of previous investments from Verizon and Telefonica, reinforcing YBVR's research and development across 5G/MEC and low latency video technology.

"YBVR is looking forward to partnering with TELUS for the next-generation of Live Sports streaming, bringing the tech that will make the Metaverse of Sports a marketplace for fans to enjoy and for the industry to monetize the value created around the sport," said Hector Prieto, Cofounder and CEO of YBVR. "With TELUS' 5G/MEC capabilities, we will ensure fans are closer to live sports emotions, whether remote or in-venue, providing immersive experiences with sub second latencies."

In Canada, YBVR will deploy the next generation VR technology for streaming live immersive sports and music events with unparalleled quality across devices that is yet to be experienced.

"We are excited to be working with YBVR on growing the role of virtual reality experiences in live entertainment and leveraging our world-leading network to connect audiences with interactive and accessible content from around the globe," said Mario Mele, Vice-president, TELUS Ventures. "At TELUS Ventures we value the role technology plays in our day-to-day lives and are looking forward to working further with this innovative Silicon Valley based startup."

About YBVR

YBVR is re-defining the way fans experience live sports. Fans can now experience the magic of 'being there' from anywhere. YBVR tech enables a new immersive and interactive dialogue with sport fans, especially the new generations, engaging from home and in-venue. YBVR cloud-based tech empowers sport and music event organizers/right-holders with new assets for engagement and monetization. Fans can decide when, how, what and with whom to enjoy live streaming with premium viewing experiences, in real-time, and across devices. YBVR's technology provides high-quality 360-degree live streams in 8K with patented Field-of-View optimization that consumes up to 80 per cent less bandwidth.

YBVR headquarters are in California, with commercial presence in six markets.

YBVR is the leader in immersive sports tech, already trusted by Wimbledon, Australian Open, Real Madrid, Fan Controlled Football, Euroleague Basketball and a number of other relevant players in the sports industry as well as Verizon, TELUS, Singtel and Telefonica.

YBVR is embarking on their Series A raise to continue their leadership position in the market and capture the massive Sports Metaverse opportunity while building additional partnerships with major players.

About TELUS Ventures

As the strategic investment arm of TELUS Corporation (TSX: T, NYSE: TU), TELUS Ventures is one of Canada's most active corporate venture capital funds. TELUS Ventures invests globally in companies from Seed to Pre-IPO with a focus on innovative technologies such as AgTech, HealthTech, Connected Consumer, IoT, AI, and Security to actively drive new solutions across the TELUS ecosystem. Led by a team of experienced operators, investors and executives, the Ventures team is passionate about creating positive social impact through financial tools and has invested in more than 100 companies since inception. For more information please visit ventures.telus.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/ybvr-building-the-metaverse-of-sports-with-5g-technology-in-canada-301586049.html

SOURCE Yerba Buena VR

FAQ

What is YBVR's latest funding announcement regarding TELUS Ventures?

YBVR announced additional funding from TELUS Ventures to accelerate the deployment of its Sports Metaverse services in Canada.

How will TELUS Ventures' investment impact YBVR?

The investment will help YBVR scale its immersive live sports streaming technology, utilizing TELUS' 5G/MEC capabilities for improved fan experiences.

What previous investments has YBVR received?

YBVR has also received funding from Verizon and Telefonica, enhancing its research and development in 5G and low-latency video technology.

What are YBVR's plans for the future?

YBVR is preparing for a Series A raise to further its leadership in the Sports Metaverse space.

What innovative technology does YBVR offer?

YBVR provides immersive sports streaming technology that allows fans to experience live events interactively and in high quality.