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Lucid VR shows its hand-held VR camera at the 2017 Silicon Valley Entrepreneurs Festival

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【Summary】Lucid VR made an appearance at the 2017 Silicon Valley Entrepreneurs Festival on Tuesday, May 2nd to show off the company’s LucidCam, a virtual reality handheld camera.

Original Eric Walz    May 03, 2017 11:27 AM PT
Lucid VR shows its hand-held VR camera at the 2017 Silicon Valley Entrepreneurs Festival

By Eric Walz

Lucid VR made an appearance at the 2017 Silicon Valley Entrepreneurs Festival on Tuesday, May 2nd to show off the company's LucidCam, a virtual reality handheld camera. The company's head of marketing, Joe Hill, made a presentation to audience members at the event highlighting the camera's features.

The camera looks like a standard digital camera, however, there are two lenes on the front to capture virtual reality video that can be viewed with a virtual reality headset such as the Oculus Rift or Google Daydream.

With a headset a user can view footage recorded with the camera in an immersive video as if they were present at the event. The camera is capable of capturing VR video with 2K resolution at 60 frames per second.

The Event

The Entrepreneurs Festival held at the Santa Clara, California Convention Center is an international event is intended to introduce opportunities to both entrepreneurs and investors companies to investors in China and the U.S. Lucid VR is seeking funding to develop, market, and manufacture the company's VR camera.

At the event, world leading venture capital investors had the opportunity to learn about new technologies in many fields, including virtual reality, augmented reality, as well as the development of public cloud and enterprise computing.

The Camera

The LucidCam's unique technology was created over the last two years by Han Jin and his co-founder and company CTO Adam Rowell, a Stanford Ph.D. in Electrical Engineering who is specialized in computer vision and image processing. The LucidCam breaks down expensive Hollywood 3D production camera systems to a small compact size, making it more affordable for the masses while eliminating the lengthy post-production process of 3D video.

The camera features binocular lenses to create true depth, as well as peripheral vision, and utilizes two microphones, to mimic human eyes and ears with a 180-degree field of view. The LucidCam allows users to stick to the traditional point-and-shoot approach, simply pressing the shutter and holding the camera steady to capture everything – no panoramic sweeps required.

Lucidcam_Prod_Shot_Front_Top_2.jpg

The LucidCam

A multi-camera setup is possible using three LucidCams, which enables 360° 3D capture. The camera is also equipped with advanced image stabilization, and can upload data to a cell phone for video sharing and live streaming. The camera offers 32GB of internal storage for videos.

Financing

In a press release from April 2016, Lucid VR announced it has received $2.1M in seed funding and has signed a partnership agreement with Wistron Corporation, a top five global ODM (original design manufacturer) based in Taiwan.

"With our relationship with Wistron we will be developing a beautifully designed and engineered camera that is going to surpass our original plans. We are very excited to announce that we will be upgrading our backers with a first production version of the LucidCam with double the resolution and frame rate, in addition to extended battery capacity. The viewing experience in VR headsets will be so much smoother with 2K and 60 frames per second." said company founder and CEO Han Jim.

Lucid VR, has received additional investments from S2 Capital, Lab360, TEEC Angel Fund, 17 Miles Technology as well as other angel investors. The funding coupled with the Wistron manufacturing agreement provides the means for Lucid VR to bring its affordable VR camera to mass production.

Lucid VR was chosen as one of the top 10 emerging startups in VR/AR at Launch Festival 2016, held in San Francisco, the company was also the winner of TechLABS Innovation Center's start-up competition in 2016.

The company's website is taking orders for the camera which is priced at $499. The LucidCam starts shipping in July of 2017.

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