Company Research Report: Existent®

Company Overview

Name: Existent®

Mission of the Company: To empower developers and creatives to build any world where anyone can experience anything, by providing powerful tools for creating exceptional virtual reality experiences.

Founded: 2021

Founder(s): The details of the founders are not explicitly mentioned, but the company was brought together by individuals with a background in theatre, gaming, and engineering.

Key People: Dan Webb (CEO/CTO), Gabbi Cahane (Partner at Stride.vc), Richard Fearn (Early-stage tech investor, Chairman at Healthily, Co-founder of the Friday Club London, Partner at Affine Films), Will Brooks (Founder at Portfolio Ventures)

Headquarters: 9C3 Chiswick Studios, 9 Power Road, London, W4 5PY, GB

Number of Employees: 2-10 employees

Revenue: No information is available

What is the company known for: Existent® is recognized for its end-to-end application framework for developing immersive spatial computing experiences, primarily integrated with Unreal Engine 5, focusing on physically interactive, free roam, multiplayer VR applications.

Products

Overview

Existent® offers various tools and components that are integrated to work seamlessly with Unreal Engine 5 for developing VR applications. These tools cater to different elements of VR experiences, including player systems, immersive environments, and interactive objects.

Player Body System

Description: This system allows developers to choose various tracking options and avatars, without requiring animation programming.

Key Features:

3-point to full-body tracking options.

Use of UE4 or Metahuman avatars.

Hand Interaction System

Description: Combines motion data, authored poses, game mechanics, and machine learning for creating interactive hand gestures.

Key Features:

Quick and iterable development process.

Multiplayer System

Description: Supports easy integration of remote and colocated multiplayer experiences.

Key Features:

Built-in calibration flows to enhance virtual body comfort.

Free Roam Environment Tools

Description: Tools to create accurate virtual environments that interact seamlessly with the physical world.

Key Features:

World obstacle avoidance and safety features for participants.

Vehicles System

Description: Enables the creation of various virtual transportation modes within VR environments.

Key Features:

Supports vehicles ranging from elevators to spacecraft.

Physical Interaction Tools

Description: Allows realistic object handling using synchronized virtual twin objects.

Key Features:

Combines HMDs and mocap systems for precise interactions.

Workflow Enhancements

Description: Tools for improving the development process, testing, and feedback within Unreal Engine.

Key Features:

Session playback and real-time feedback.

Backstage mode for development tools within a VR headset.

Recent Developments

Recent Company Developments:

Launch of an Open Beta version for developers to access new features and workflows.

Emphasis on utilizing the company's flexible player body system for full-body social VR experiences.

New Products Launched:

Open Beta version featuring an array of new VR development tools.

New Features Added:

Hand Grip Authoring tool for better finger tracking.

Support for Mixamo avatars.

New Partnerships and Collaborations:

Collaboration discussions with HTC VIVE regarding deployments in training, simulation, and educational contexts.

This report highlights the innovative efforts of Existent® to revolutionize the spatial computing domain with their advanced VR tools and frameworks. The company's mission to simplify and enhance the creation of virtual realities stands as a testament to its ongoing commitment to developers worldwide.