Following $4.6M Seed Closing Including Samsung Ventures, Bubl Performs Management Change in Preparation for High Growth
Internal Reorganization Enables Further Capital Growth and Allows the Company to Navigate Demand for the Bublcam Following Successful Delivery of First Production Round
TORONTO, ON--(Marketwired - Sep 2, 2015) - Bubl Technology Inc., creators of the Bublcam, the world's first fully spherical consumer camera, announces that following the close of its $4.6M Series Seed funding round including Samsung Ventures, J-Tech Capital and other strategic investors, it will perform organizational changes to its executive management team as it prepares for its next round of growth. The changes also come on the heels of Bubl's successful delivery of the first production round of the Bublcam to thousands of Kickstarter backers and pre-order customers. Further financial details have not been provided.
Bubl represents one of the most promising startups in the $15.9 billion VR entertainment market where spherical media has huge potential to fundamentally change the way audiences interact with content. "We have been thrilled to work with Bubl's founders on this successful raise and are looking forward to this next stage of their evolution. They are a company well positioned for tremendous growth," says Ana Serrano, Chief Digital Officer, CFC and Executive Director, IDEABOOST digital entertainment accelerator.
As part of the changes, Founder and CEO Sean Ramsay will move to Founder, CINO, enabling Ramsay, the visionary behind the Bublcam, to focus on the product vision and technology. Current VP of Hardware Dan Mills will serve as interim CEO. Mills will steer the company through the next stage of growth.
"Bubl Technology has evolved since our initial Kickstarter campaign," said Ramsay. "The original vision was a simple to use app and a spherical camera, but now we've developed so much more -- an entire ecosystem of hardware and software spherical technology for consumers. I'm excited to focus my skills and time on my passion, which is the product vision -- bringing more strategic partnerships and technical thinking to the new ecosystem we've been tirelessly building over the last 13 months. Dan is such an amazing asset to this company and he will spend more of his time focusing on the future corporate trajectory of the company."
Mills, who has been with Bubl Technology since the beginning, has extensive management experience and will ensure the business continues to exceed expectations. "Bubl Technology is growing faster than we imagined, and these changes will help us continue to deliver superior spherical technology to consumers," said Mills. "I've seen this company adapt and mature throughout the years and am excited about our bright future."
Mills will serve as interim CEO effective immediately. Bubl's Board of Directors is currently conducting an executive search for a permanent CEO to ensure that both the next round of capital growth and corporate direction will create the best options possible for Bubl.
About Bubl Technology
Bubl Technology Inc. delivers the most innovative 360-degree camera and software offerings in the world. The Bublcam is the world's first spherical consumer camera that provides users with the ability to capture fully spherical photos and videos and share them with anyone, anywhere. Bubl is a graduate of CFC's IDEABOOST digital entertainment accelerator.
View the press release on Marketwired here.
Bubl, a leading technology firm based in Toronto, was recognized at the 4th annual Vision to Reality Awards event held by PWC Canada.
Toronto, Ontario (PRWEB), Thursday November 6, 2014 – Bubl awarded as one of the Top 10 Up-and-Coming Technology Companies.
The 4th annual Vision to Reality Awards were held by PWC Canada on Thursday November 6th, 2014. The Vision to Reality program celebrates dynamic start-up companies that have demonstrated notable growth and hit impressive benchmarks, making them Canadian companies to watch.
The elite group of press, industry enthusiasts and finalists gathered over dinner with Guest Speaker, Michael Hyatt, Executive Chairman and Co-Founder of Bluecat Networks.
Bubl was selected from a list of 20 finalists ranging from mobile application and communications developers, to wearable tech designers, cloud service developers and more. All respected leaders in their area of expertise.
This award comes at a great time for the company. Its invention, the Bublcam, a 360⁰ panoramic camera that comes with a proprietary software, is just about ready to hit the market.
“It has been a great year for the Bublcam. We are excited to be a part of this select group of Canadian technology innovators.”
- Sean Ramsay, CEO, Bubl Technology
About Bubl: Bubl developed the first market ready spherical camera, the Bublcam, which captures 100% of the spherical range through photos and videos. The camera sells with a proprietary Bubl software that allows users to look up, down and in every direction to fully interact with the content they and others have created.
Marketing Communications Manager, Bubl Technology Inc.