FOVE

Fove specializes in innovative eye-tracking technology that enhances virtual and augmented reality applications, providing users with immersive interactions in digital environments. Fove is a technology company focused on developing advanced eye-tracking solutions. Founded in 2014 in San Francisco, US, by Frederica Prock and Yuka Kojima, the company has successfully completed a total of 5 deals. Fove raised USD 1 mn in Series C funding on June 30, 2021, valuing the company at USD 5.

284 mn post-money. Yuka Kojima currently serves as the CEO. Fove is primarily focused on developing advanced eye-tracking technology, which is integrated into a range of virtual and augmented reality applications. Their flagship product leverages precision eye-tracking to enhance user interaction with digital environments, allowing for more immersive experiences in gaming, training simulations, and other interactive platforms.

This technology aims to solve issues related to user engagement and experience, providing developers with tools to create more intuitive applications that respond to users' visual attention. Fove's client base includes game developers, educational institutions, and enterprises looking to utilize immersive technology across various industries. The company's products are marketed and sold primarily in North America, Europe, and parts of Asia, catering to end-users who seek cutting-edge solutions in virtual environments. Fove generates revenue through a combination of direct sales and partnership agreements.

The company's transaction structure typically involves B2B sales, where developers and enterprises purchase eye-tracking hardware and software licenses to integrate into their solutions. Fove offers various pricing plans, which include options for individual product purchases and subscription models for ongoing software support and updates. Notably, their eye-tracking technology is a key component that drives sales, as it appeals to organizations seeking to enhance their virtual reality applications or training programs. The revenue model is designed to accommodate a diverse range of clients, ensuring access to Fove's innovative technology while fostering long-term partnerships within the tech ecosystem.

Fove aims to expand its offerings with new eye-tracking products designed specifically for educational and enterprise applications, scheduled for release in the next two years. The company is also targeting expansion into Asian markets, particularly Japan and South Korea, by the end of 2023. The recent Series C funding of USD 1 mn will support these initiatives, contributing to product development and market entry strategies.