Kuato Studios, a London, UK-based educational games developer, announced that it completed a funding round of £4.5 million led by Hong Kong, China-based Horizons Ventures.
The company intends to use the money to support the launching of its first virtual reality title, Panic Room, and develop the patented technology that makes the game the first of its kind.
Kuato, founded in 2011 by Sian Priest and led by CEO Mark Horneff, develops educational games for children with titles including Marvel Hero Tales and Disney Story Realms.
The company has recently started working with Panic Room, a new type of VR experience that it calls ‘Actor/Director’. The technology allows parents, teachers or carers to watch the child move through the game and even participate from the sidelines. Kuato plans to test out the technology now with Panic Room, then extend it to Kuato’s whole library of edtech games.