The Glimpse Group, Inc. (Glimpse), an Immersive technology company, provides enterprise focused Virtual Reality (VR), Augmented Reality (AR) and Spatial Computing software and services.
Glimpse’s operating entities are located primarily in the United States, with a development and modeling center in Turkey.
The company’s ecosystem of immersive technology entities, collaborative environment, and diversified business model aims to simplify the challenges faced by companies in the emerging immers...
The Glimpse Group, Inc. (Glimpse), an Immersive technology company, provides enterprise focused Virtual Reality (VR), Augmented Reality (AR) and Spatial Computing software and services.
Glimpse’s operating entities are located primarily in the United States, with a development and modeling center in Turkey.
The company’s ecosystem of immersive technology entities, collaborative environment, and diversified business model aims to simplify the challenges faced by companies in the emerging immersive technology industry, create scale, build operational efficiencies, reduce time to market, and enhance go-to-market synergies, while simultaneously providing investors an opportunity to invest directly via a diversified infrastructure.
The company targets a wide array of industry verticals, including, but not limited to: corporate training, education, healthcare, government & defense, branding/marketing/advertising, retail, financial services, food & hospitality, media & entertainment, architecture/engineering/construction, corporate events and presentations, and social VR support groups and therapy. The company focuses primarily on the business-to-business (‘B2B’) and business-to-business-to-consumer (‘B2B2C’) segments of the industry and is hardware agnostic.
In fiscal year 2024, the company shifted its business focus to providing immersive technology solutions, software, and services that are primarily driven by spatial computing, cloud, and artificial intelligence (‘AI’), which it refers to as ‘Spatial Core’.
The Glimpse Ecosystem
The company develops, commercializes, and markets innovative and proprietary immersive technology software products, solutions, and intellectual property (‘IP’). The company’s ecosystem consists of several entities, each targeting different industry segments in a non-competitive, collaborative manner. The company’s experienced management and dynamic immersive technology entrepreneurs and employees have deep domain expertise, providing the foundation for value-add collaborations throughout the company’s ecosystem.
Each of the company’s ecosystem entities shares operational, financial, and IP infrastructure, facilitating shorter time-to-market, higher quality products, reduced development costs, fewer redundancies, significant go-to-market synergies, and, ultimately, a higher potential for success for the company.
As part of the company’s platform, it provides a centralized corporate structure, which significantly reduces general and administrative costs (financial, operational, legal, & IP), streamlines capital allocation, and helps in coordinating business strategies.
Glimpse Ecosystem Entities
Brightline Interactive, LLC (‘BLI’): immersive and interactive experiences, training scenarios, and simulations for both government and commercial customers.
Sector 5 Digital, LLC (‘S5D’): corporate immersive experiences and events.
Glimpse Learning, LLC: immersive education, training, and upskilling.
Foretell Studios, LLC (d/b/a Foretell Reality): customizable social VR platform for behavioral health, support groups, collaboration, corporate training, soft skills training, and higher education.
QReal, LLC: creation of lifelike photorealistic 3D interactive digital models and experiences in AR.
Glimpse Group Yazilim ve ARGE Ticaret Anonim Sirketi (‘Glimpse Turkey’): a development center in Turkey, primarily developing and creating 3D models for QReal.
Business Development and Sales
Each of the company’s entities has its own business development and sales team to better focus on specific industry segments, with input and coordination from Glimpse’s management team.
As an integral part of the business development and sales processes, each entity’s general manager is very familiar with the product offerings of the other entities and leverages those into its own efforts when appropriate.
On occasion, the company enters into distribution partnerships for its products with third parties.
Intellectual Property
As of June 30, 2024, the company had been issued 10 patents by the United States Patent and Trademark Office (‘USPTO’) and has an additional 5 filed patent applications in process.
Research and Development
The company’s research and development expenses (primarily representing headcount-related costs) for the year ended June 30, 2024, were approximately $5.45 million.
History
The Glimpse Group, Inc. was founded in 2016. The company was incorporated in the state of Nevada in 2016.