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CastAR

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Offers a gaming system that provides a 3D holographic view

Palo Alto, United StatesFounded 2013Consumer Services
Valuation $50–100M Last recorded · 2015
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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About CastAR

CastAR, originally founded as Technical Illusions in March 2013, was a technology startup focused on developing a versatile augmented and virtual reality system. The company was established by former Valve employees Jeri Ellsworth and Rick Johnson, who leveraged technology they had initially developed at Valve and later acquired the legal rights to. Ellsworth, a self-taught computer chip designer and inventor known for creating the C64 Direct-to-TV, and Johnson, a seasoned game programmer, combined their expertise to pioneer this new hardware. Their journey began with a shared passion for hardware and gaming, which led to the creation of the castAR glasses.

The firm's core product was a pair of glasses designed to provide both augmented reality (AR) and virtual reality (VR) experiences. The primary AR functionality, termed "Projected Reality," utilized two micro-projectors on the glasses to cast a stereoscopic 3D image onto a special retro-reflective surface. This surface would bounce the light directly back to the wearer's eyes, creating hologram-like images that appeared to float in the physical world. A key feature was its ability to support multiple users in the same space without visual crosstalk, as each user would only see their own projected view. For a full VR experience, a clip-on attachment was available to block outside light and reflect the projected image directly to the user's eyes. The system also included a "Magic Wand" controller for 3D interaction and an RFID tracking grid to augment physical objects like board game pieces or cards.

CastAR initially targeted the consumer market, with a strong emphasis on tabletop gaming and other interactive entertainment. The business model appeared to be centered on selling the hardware system directly to consumers. The startup gained significant early traction with a successful Kickstarter campaign in October 2013, raising over $1 million against a $400,000 goal. This public validation was followed by a substantial $15 million Series A investment from Playground Global in August 2015. Following this investment, the company decided to refund its Kickstarter backers, promising them a free consumer version of the product upon release. In 2016, the company expanded by opening a studio in Salt Lake City with talent from the former Avalanche Software and acquiring the game developer Eat Sleep Play. Despite these milestones, CastAR struggled to bring its product to market and failed to secure a necessary Series B funding round. The company ultimately shut down in June 2017, laying off its approximately 70 employees. The assets and intellectual property were intended to be sold off.

Source: Dealroom company data

At a glance

Status
Closed
Founded
2013
Headquarters
Palo Alto, United States
Employees
5
Open positions
None listed
Dealroom signal
0.0/100
Industry
Gaming, Consumer Electronics
Sector
Consumer Services, Game Development, Hard Tech, DT and LS, science-based
Technology
3D Technology, Deep Tech, Augmented Reality, Virtual Reality, Mobile app
Business model
Manufacturing, SaaS
Client focus
b2c

Funding history

1 recorded event

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES A✓Equity / VC Aug 2015 $15M $60M Playground Global —
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Growth signals

CastAR website traffic

Latest recorded traffic for CastAR is 60 monthly website visits, down 94% over the last three months. CastAR's team grew 25% over the past year.

Latest monthly visits60 3-month web change-94% 1-year team growth+25%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

1 investor on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A1 investor entered at this stage

  • Playground Global
Team profiled 6 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators Hidden — book a demo quality score
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇺🇸 United States · Palo Alto HQ
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Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about CastAR on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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