Kuato Studios, a UK-based creator of educational games, announced it has raised £4.5M (~$6.1M USD) as the company takes a stride into virtual reality gaming for the first time.
Led by Hong Kong venture capital firm Horizons Ventures, the company says it will be using its fresh funding round to expand its existing library of games into VR.
Kuato previously partnered with brands such as Disney and Marvel to create education-focused games, and is using its recently released two-player horror escape room Panic Room (2020) to “showcase how VR can be used in new and innovative ways.”
Panic Room is an asymmetric game that pits one player with an Oculus PC headset with a user on mobile (iOS, Android). VR players must escape the haunted cabin while their…
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