Qwaq

Qwaq

Slogan: Experience the Future of Virtual Collaboration

Description: Qwaq, previously known as Teleplace, specializes in creating enterprise applications that leverage 3D virtual environments for real-time collaboration and conferencing. Their primary offering, Qwaq Forums, features integrated voice communication and text chat along with the capability to share existing applications. Built on the open-source 3D space system manager Croquet, Qwaq Forums allows users to enter a virtual room filled with other users and various objects like tables and wall posters.

These objects often represent standard desktop items; for example, a wall poster could be a Word document or an Excel spreadsheet. Users can interact with these items by clicking on them or using keyboard shortcuts, causing the items to expand and occupy the screen. Besides interacting with other users through chat, users can add or remove objects or navigate through different rooms as needed. The platform is optimized for business computers, which are typically less powerful than their home counterparts.

France-based Tixeo is another start-up targeting the same market segment. Other companies providing tools for collaboration in virtual environments include Second Life, VastPark, ProtonMedia, Forterra Systems, and Multiverse.

Founded: 2007

Industries: Enterprise Software

Last Investment: $7.00M Venture Round investment at 28 November 2007

Last Investment Investors: Storm Ventures, Alloy Ventures