The company wants to be a content management system for virtual reality and provide augmented reality for commerce, the Journal said. Detroit Venture Partners and Stage 1 Ventures led the new investment round, and so far, the company has raised $14 million.
Marxent, founded in 2011, also has offices in Tampa, Fla. and Detroit.
Last year, the company told the Dayton Daily News that it had more than doubled its workforce over the past 16 months, expanding to about 50 developers, 3-D artists and designers. In addition, Marxent had also added about 2,000 square feet of space to its engineering and operations office at 3100 Research Blvd., increasing the facility’s size to 6,000 square feet.
At the time, Marxent intended to add another 25 jobs over the next 12 to 18 months, and to be a $100 million-plus company in five years, said Beck Besecker, the company’s chief executive.
About the Author
