Utopia VR

Utopia VR, headquartered in Kelowna, British Columbia, is one of the world’s first “Metaverse-as-a-Service” solutions for business.

Providing a simple, user-based, subscription model, Utopia VR has built several cross-industry and industry-specific business solutions that businesses can easily leverage to increase productivity, collaboration and culture, as well establishing more meaningful customer engagements.

Initial solutions include Hybrid Offices, education, onboarding and training solutions to address Future of Work requirements faced by all organizations today.

Being a web-based service, businesses can deploy and use their private metaverse solutions without any programming, downloading of software or need for special hardware – it all runs in the user’s browser on virtually any device, anywhere, any time.

Products

Utopia VR’s The Metaverse for Business™ is a one-click, web-based, avatar-driven, mobile-friendly Metaverse-as-a-Service solution platform that utilizes innovative 3D web technology. While Utopia VR’s MaaS Business Solutions are designed to be used with just a browser, they can also be enjoyed in an immersive way, using VR headsets such as Google Cardboard, Oculus Quest or HTC Vive. No software needs to be downloaded, and no proprietary hardware is required.

 

Businesses can select from a wide-range of pre-built metaverse solutions designed to address industry specific and cross-industry requirements. Starting with Future of Work, the Utopia VR Hybrid Office solution addresses an organization’s requirement for hybrid working, including presence, productivity, collaboration and community.

Advanced features of the Utopia VR platform allow it to complement or even replace traditional collaboration tools that organizations adopted during the pandemic. For example, users within a meeting can share presentations, screens, live cameras, 3D objects and more.

Market Outlook

Regarded as the next iteration of the web, the metaverse is a virtual space where the physical and digital worlds coexist and interact, encompassing virtual reality, augmented reality, extended reality and mixed reality, as well as making use of artificial intelligence and other technologies.

Analysts such as McKinsey and Bloomberg put the combination of Future of Work and Metaverse markets at a Total Addressable Market of over $800 billion between now and 2030, with a CAGR of more than 39% over that period.

The metaverse overall could create $5 trillion in digital economy opportunities by 2030, according to McKinsey & Company.

Management Team

Stuart Gray, President, Co-Founder and director of Utopia VR, has been an officer and director for both private and publicly traded companies and has led public offerings for junior listed companies that have gone on to realize multibillion-dollar market valuations. He previously was a consultant and quarterbacked taking eXp World Holdings Inc. (NASDAQ: EXPI) public. eXp is a disruptive, no bricks and mortar, real estate brokerage firm with 85,000 agents worldwide using its virtual, software-based, metaverse platform for closing transactions, training and events.

Cory Braden, CTO and director of Utopia VR, is a forward-thinking strategic leader with over 20 years of experience in delivering software as a service. Recognized for a positive leadership style and excellent communication skills, he is well-versed in user experience, complex application architectures, cloud infrastructure and management of high-performance teams.

Terry Woloszyn, VP of Sales and Advisory at Utopia VR, brings vast technical and sales experience to the company. Before joining Utopia VR, he conceived and launched a data security startup and graduated from two startup accelerator programs. He has worked with several successful tech startups throughout his career, from conception to exit.

Investment Considerations
  • Utopia VR in April 2022 launched its global metaverse platform.
  • The company’s business model is focused on the future of work, enterprise and corporate remote office solutions.
  • Utopia VR’s management team has extensive experience in technology and public and private financial markets.
  • The company has passed the MVP stage and is now generating revenue.
Additional Resources