Recommended content
61

Fortnite creator acquires a Kakao-backed Korean VR startup Hyprsense

Epic Games has acquired facial motion capture software developer, Hyprsense
Jeremy
Wilson
4 weeks ago
2 mins read

Finbold Recommends

Step 1 Open a Webull brokerage account until Nov 30, 2020
and get 2 FREE stocks valued between $2.5-$250!
Step 2 Make an initial deposit of $100 or more and receive 2 more FREE stocks,
each valued between $8-$1600!

What we like:

Full Extended Hours Trading

24/7 Support

SIPC protected upto 500K

Trade Stocks, Options, ETFs & ADRs

Rating

Visit Now

On October 29, 2020, reports emerged that Epic Games, the creator of the blockbuster Fortnite game, acquired Hyprsense, a facial motion capture software developer. Nonetheless, the details of this deal are yet to be disclosed.

Hyprsense is a Korean startup based in Silicon Valley, the hub of global startups. The Chief Executive Officer, Yu Jihun, launched the company in 2015. The company uses virtual reality and augmented reality technology to develop facial motion capture software.

Hyprface, a real-time facial motion capture program is the company’s core program. This program enables users to animate 3D characters in real-time using only their facial expressions. Finbold has contacted Hyprsense for a confirmation of this deal, but they are yet to respond.

This is a demo video of Hyprface, Hyprsense facial mocap SDK. Hyprsense develops real-time facial mocap solution to animate 3D characters in real-time based on a user’s facial expression.

Hyprsense investors

The main members of Hyprsense including CEO Yu will remain at Epic Games for some time, based on the takeover agreement as highlighted by Kedglobal.

Main investors of Hyprsense include Kakao Ventures, Atinum Partners, Pearl Abyss Capital, and KT Investment. Among these investors, Kakao Ventures is the only one that has participated in all the funding rounds. They have participated from the seed funding in 2015 until the Series A funding round of 2018.

Participants and enthusiasts of the virtual reality industry believe that this acquisition is a win-win scenario for both parties.

Trusted & Regulated Stock & CFD Brokers

Step 1 Open a Webull brokerage account until Nov 30, 2020
and get 2 FREE stocks valued between $2.5-$250!
Step 2 Make an initial deposit of $100 or more and receive 2 more FREE stocks,
each valued between $8-$1600!

What we like:

Full Extended Hours Trading

24/7 Support

SIPC protected upto 500K

Trade Stocks, Options, ETFs & ADRs

Rating

Visit Now

Trusted Challeger Banks

What we like:

No hidden fees.

Multi-currency account.

Free business account.

Cheap and fast transfers abroad.

Rating

Visit Now

Be first to rate

Join us on Twitter or Telegram

Follow on News
Jeremy Wilson
Author

Jeremy is a content crafter and has experience in writing about finances and digital assets for over 5 years. At Finbold.com he covers news related to finance, regulations, startups and cybersecurity on a daily basis.

Recommended
Stock Broker

What we like:

Full Extended Hours Trading

24/7 Support

SIPC protected upto 500K

Trade Stocks, Options, ETFs & ADRs

Rating

Visit Now
Step 1 Open a Webull brokerage account until Nov 30, 2020
and get 2 FREE stocks valued between $2.5-$250!
Step 2 Make an initial deposit of $100 or more and receive 2 more FREE stocks,
each valued between $8-$1600!
Learn More