Istruzione e Formazione
Edtech leader upGrad & AR pioneer EyeWay Vision partner to create one-of-a-kind AR learning experience
The global e-learning market was estimated at US $144 billion in 2019 and is forecast to reach US $374.3 billion by 2026, according to market research firm Facts and Factors. The market for virtual and augmented reality is forecast to reach more than $67 billion globally by 2024, according to AR/VR analyst firm Digi-Capital. upGrad has more than one million learners in more than 50 countries and has recorded an annual revenue run-rate of 165 Million USD for fiscal year 2021.
commented , CEO of subsidiary company EyeWay Vision Inc. in Silicon Valley, charged with bringing products to market. Dr. Balram is a renowned AR/VR expert, former head of display at Google, and adjunct professor at Carnegie Mellon University , guest professor at the Indian Institute of Technology (IIT) in Gandhinagar, India , and former visiting professor at the University of California , Berkeley.
The Israeli AR pioneer is developing products based on advanced immersive AR technology, enabling new forms of immersive entertainment, digital learning, e-commerce, and other enterprise applications. Both EyeWay Vision & upGrad share a common vision of creating greatly enhanced immersive learning experiences that customers can access anytime and anywhere.
, Co-founders upGrad, said in a joint statement,
The EyeWay Vision prototype offers a very high dynamic range, with brightness ranging from ultra-bright 20 thousand nits down to a very low black level of 0.1 nits, allowing it to be used indoors and outdoors in all kinds of lighting. It offers an extremely wide color gamut (Rec 2020), retinal resolution, naturally wide field of view and dynamic focusing, presenting rich and natural digital content that looks completely realistic. The prototype is expected to be available towards the fourth quarter of 2021.
, VR professor at Stanford University , founding director of Stanford's Virtual Human Interaction Lab , and EyeWay Vision advisory board member, explained,
commented
, Siewiorek and Walker Family professor of electrical and computer engineering, at
Carnegie Mellon University . he continued.
Through this partnership, upGrad will leverage EyeWay's customized system to explore the development of AR-enhanced learning experiences and online programs. At an advanced stage, EyeWay and upGrad may include university partners to join in a pilot program. This move can make upGrad the first Indian edtech company and one of the very few globally to incorporate mixed reality to enhance the learning experiences of its online learners. EyeWay is currently developing an immersive AR head-worn prototype. This prototype will be used to enable an immersive AR learning experience that will further be developed by upGrad and its content partners.
upGrad is South Asia's largest online higher edtech company offering 100+ courses in collaboration with top-notch global universities like Deakin Business School ( Australia ), Duke CE (US), Michigan State University (US), Liverpool Business School (UK), IIT Madras ( India ), IIM Kozhikode ( India ) and others. The international edtech leader has impacted over 1 million total registered learners over 50+ countries across the world.
upGrad has ranked No.1 in the LinkedIn Top StartupsIndia 2020 list. This is the third time in a row that upGrad has been featured in the LinkedIn Top Startuplist after 2018 and 2019. It is also amongst GSV Global EdTech 50 and and has ranked amongst Top 50 in the FT Asia-Pacific High-Growth Companies 2021 List.
To know more, visit: www.upgrad.com
EyeWay Vision develops innovative wearable augmented reality systems that provide a truly immersive experience on the go. EyeWay Vision Ltd. was established in 2014 in Israel , and has raised US $46 million in funding from strategic investors including Samsung Next, Verizon Ventures, Horizons Ventures, ICONIQ Capital, and OurCrowd. Eyeway's proprietary technology is protected by 17 patents published or pending. To learn more about EyeWay Vision, visit http://eyeway-vision.com
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