3D Livestreaming eSports Platform Secures $3.5 Million in Funding

REDWOOD CITY: Boom.tv has secured a $3.5 million seed round for the world’s first 3D livestreaming platform for eSports, which is now in beta.

The platform constructs a 3D experience from a player’s game stream in real time, enabling fans to experience gameplay of popular eSports titles on any PC or mobile device. Boom.tv is planning to soon release an update to the app that will allow streamers to broadcast in virtual reality. With this update, viewers will be able to experience the game stream in full VR using the headset of their choice.

Boom.tv is using the $3.5 million in funding to support the top ten eSports titles and expand the platform to the larger gamer and eSports communities. The funding included participation from First Round Capital, Tandem Capital, Crosscut Ventures, Betaworks, Boost VC and BITKRAFT eSports Ventures.

“Improved broadcast technology was the tentpole around which professional sports mushroomed,” said Sumit Gupta, Boom.tv’s CEO. “Our mission is to put 3D technology in the hands of millions of gamers and revolutionize the way eSports content is produced and consumed.”

“While we’ve seen piecemeal solutions in this space previously, the technology behind Boom.tv is transformational, and their team of 30 engineers have both the passion and know-how to build an end-to-end solution that will completely enhance the eSports spectator experience, particularly in VR,” said Chris Fralic, partner at First Round Capital.