‘This is valuable for us as it is a global demonstration where we communicated
with people and so it is a huge deal and about ninety percent of people are buyers
and we got approval ratings and which is fantastic’, said Ruse, founder and chief
executive of zero latency.
Zero latency is a Melbourne technology firm and has raised 7 million dollars in
funding round backed by Alex Waislitz’s Zthorney investment Group, Regal Funds
Management, and asset Management. This raising is conducted via bell potter
who was backed by Venture investor and advisory firm which is Sydney based
Carthona Capital. It will be utilized for further expansion of Zero latency’s virtual
reality game assortment. In the previous year, global computing giant Dell linked with
Melbourne firm to commence what is claimed and was world’s largest virtual
reality free game attraction in the warehouse in city’s internal northern suburbs.
The company is using the technology of Alienware whose products are tailor
made for gaming and paramount around the world for it’s themed design
which is based on science fiction.
Carthona capital partner, Dean Dorrell the investor of Zero Latency since angel investment podium was
keen to increase his firm’s investment, as future and imminent growth potential is very
high and bright.
Ruse said that ‘business is doing very well and fantastic and there is no immediate
requirement of more cash but this transaction has done to fuel the company’s
growth’. Last year company received a major boost up and had won people’s
choice award at annual international association IAAPA in Florida. It is best
known for a game but has also developed an exploratory mystery game and also a
puzzle based game too which helped to get this prestigious award.