San Antonio, Texas -- Virtual reality technology company Merge Labs has received $10 million in new equity venture capital funding, according to an SEC regulatory filing.
Merge Labs says that it is "creating a hardware + software platform, which will make casual virtual-reality accessible from your favorite smartphone."
The company says its platform will also enable other forms of immersive entertainment, including augmented reality, 3D video and 3D/spherical video.
Investors in the financing were not disclosed, nor was how the company intends to use the funding proceeds.
A total of 47 investors participated in the offering.
Co-founders Franklin Lyons and Andrew Trickett founded the firm in 2014.
The company is still seeking $16,000 in additional equity funding, according to the filing.