3rd Eye Studios closes a $1,000,000 round of funding for the games development and technology studio.

3rd Eye Studios, a Helsinki, Finland-based gaming startup, announced securing funding totalling $1M.

The backers include ColoplNext/ColoplVRFund, Karl Magnus Troedsson, Sisu Game Ventures Oy, GameFounders, Success (China) Limited and a group of private investors.

3rd Eye Studios will use the funds to develop its proprietary 3rd Eye Core tools and technology, whilst simultaneously building games for new platforms such as virtual reality, including the VR game saga Downward Spiral.

3rd Eye Studios, founded in 2016 and led by CEO Kari Koivistoinen, develops VR games and technology built specifically for developers. The company developed a games development toolset, 3rd Eye Core, which allows for fast and effective game design for virtual reality, PC and mobile platforms and which is currently in testing in China and FInland. Also, 3rd Eye Studios intends to launch a VR game, Downward Spiral: Horus Station, in early 2018.