VUZ Raises $12M for Global Expansion

This is a Saudi Arabia news story, published by TechCrunch, that relates primarily to VUZ news.

Saudi Arabia news

For more Saudi Arabia news, you can click here:

more Saudi Arabia news

VUZ news

For more VUZ news, you can click here:

more VUZ news

tech industry trends news

For more tech industry trends news, you can click here:

more tech industry trends news

TechCrunch news

For more news from TechCrunch, you can click here:

more news from TechCrunch

About the Otherweb

Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best tech news, business news, entertainment news, and much more. If you like tech industry trends news, you might also like this article about

International Finance Corporation

. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest VUZ news, exclusive immersive streaming deals news, tech industry trends news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!

VUZ Studio

TechCrunch

•

Technology

VUZ gets $12M for its immersive video experiences across emerging markets and the U.S. | TechCrunch

Summary

Nutrition label

78% Informative

VUZ has raised $12 million as it doubles down on its presence in Saudi Arabia and the United Arab Emirates .

The pre-Series C funding round was led by the International Finance Corporation (IFC) The company says it has crossed 15 million users globally, up from 10 million in 2022 .

The company has signed exclusive streaming deals with La Liga and the Professional Fighters League ( PFL ).

VUZ must convince users that immersive content isn’t just a gimmick and convince creators that monetizing is better than TikTok or YouTube .

In the Middle East and parts of Africa , the creator economy is still early and distribution partners matter.

But in the U.S. and other developed markets, competition is tougher.

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity