Gracia AI Raises $1.2M for AI-Powered Volumetric VR Videos

Gracia AI has unveiled its AI-powered technology designed for professional creators and media companies. This innovation facilitates the creation of photorealistic volumetric videos for Spatial Computing, offering six degrees of freedom viewing.

The company has secured a $1.2 million seed investment from The Venture Reality Fund, Triptyq Capital (led by the founder of Vrvana, acquired by Apple), LVL1 Group, and Future Fund. These funds will bolster the team and support the launch of a platform that merges the viewing capabilities of YouTube with the interactive potential of Spatial Computing.

Currently compatible with all major Virtual Reality headsets, Gracia AI's technology has already been tested by over 1,000 tech enthusiasts and will soon be available on desktops, mobile devices, and the Apple Vision Pro.

Led by former Prisma employee Andrey Volodin and Georgii Vysotskii, who have previously achieved a successful exit together, the company comprises a team of 15 top developers and designers, along with a marketing advisor from Spotify. Since its debut in late 2023, the startup has tested its platform with over 1,000 tech enthusiasts and has initiated pilot projects with contemporary artists such as Elen Sheidlin and British designer Sabina Bilenko.

Gracia AI addresses the limited diversity in VR content by equipping professional creators with tools for rapid content production and efficient distribution. The startup's proprietary AI model training pipeline allows for the creation of volumetric videos rendered in native resolution ten times faster than existing solutions. This enables on-device real-time VR rendering with natural parallax effects, ensuring accurate transfers of real-world events to the digital realm. Additionally, Gracia AI offers full flexibility in camera positioning during post-production, enabling impossible 2D flythroughs and immersive repeats from processed volumetric videos. The advanced AI technology integrates seamlessly into industries such as sports, entertainment, art, and fashion, with content that can be published on Gracia AI or delivered through an SDK on a partner's platform.

“As VR keeps advancing, its applications are extending beyond gaming, its current beachhead application. Our recent launch of Gracia AI is providing a glimpse of a new era of spatial content, making it possible for users to experience events like they were actually there: right next to Taylor Swift at her concert in front of 50,000-person audience, walking on stage, or following the fighters on the UFC octagon, all from the comfort of their own home,” noted Georgii Vysotskii, the co-founder & CEO of Gracia AI.

“Bringing lifelike volumetric video is the holy grail of Spatial Computing content. Previous methods relying on photogrammetry were very limited but new breakthroughs in AI that use radiance fields represent a game change for how the real world can be digitally captured and experienced and Gracia AI is bringing that revolution to Spatial Computing. We’ve been waiting for over 10 years for the type of content that Gracia AI will enable and it will have profound effects on how we entertain, educate and communicate,” explained Tipatat Chennavasin, co-founder and General Partner of The Venture Reality Fund.

With over 51 million headsets already shipped worldwide, the Spatial Computing content market is projected to reach over 70 million monthly active users by 2026, propelling the industry’s growth in excess of $7.5 billion. Gracia AI is dedicated to rapidly creating high-quality spatial content for the fast-growing Spatial Computing Market, addressing the limited diversity in VR content by providing professionals with tools for rapid production and efficient distribution to wide audiences.