Texas Roundup: Funds for Virtuix, Ortho Kinematics; FPX Buys Glider
Here is the latest innovation news for Xconomy Texas for the past week.
—Virtuix, a Houston-based virtual reality gaming startup, has raised $3 million in seed funding from investors such as Mark Cuban, the Houston Angel Network, and Tekton Ventures in San Francisco. The company’s product, the Omni, is a 360-degree treadmill on which users walk, run, or jump in a virtual reality environment. Virtuix has pre-sold 3,000 Omnis and expects to deliver the units, which are priced at $499—to customers this summer. It previously raised $1.1 million on Kickstarter.
—Ortho Kinematics, a spine diagnostics company, raised $6.29 million in venture capital last week. The Austin, TX-based company provides spine motion analysis and diagnostic services to treat back and neck pain. Its KineGraph Vertebral Motion Analyzer uses fluoroscopy to analyze the spine in motion to produce patient-specific data at each vertebral level. Previous investors in the company, which was founded in 2006, include the Texas Emerging Technology Fund and PTV Healthcare Capital.
—FPX, a Dallas-based developer of cloud-based “configure, price, quote” sales software, has purchased Glider, a Portland, OR, startup that makes software for sales and business contracts. Terms were not disclosed.