Economy

Kharkiv businessman Vadym Slyusarev invests in a world famous American VR startup

Kharkiv businessman Vadim Slyusarev has invested in a well-known American VR startup, Lucid Reality Labs, according to Dev.ua, an IT industry publication, Komersant ukrainskyi writes with reference to “Glavkom”.

Lucid Reality Labs has been operating since 2016 and is a leader in consulting, design, and development of immersive (immersive virtual reality – ed.) technologies. The company’s team creates relevant trainings and simulations for healthcare, medical technology, pharmaceuticals, biotechnology, education, aerospace, and defence. In addition, Lucid Reality Labs works in a wide range of fields, including AR/VR/MR and the metaverse.

The startup is headquartered in Florida and is CEO Alex Dziuba, who actively develops immersive technologies and is the author of many publications on this topic, including the American Forbes. In 2021, Lucid Reality Labs received the European Technology Award in the virtual reality category.

According to the national job search service Work.ua, Lucid Reality Labs attracts qualified specialists to its team from among Ukrainian IT professionals. Employee feedback on the company’s work can be found on Dou, and all of it is positive.

According toGame is hard, Lucid Reality Labs is among the top global virtual reality manufacturers (based on location), along with WeeDesign, 4Experience, Exit Reality, Nomtek, The VOID LLC, Apzumi, and HTC VIVE. “In 2023, understanding the nuances of the location-based virtual reality (VR) market is critical for businesses. This understanding allows businesses to avoid potential hazards such as economic variables and make data-driven decisions. It also provides a competitive advantage and contributes to the long-term success of the business,’ the publication points out.

Before the war, Kharkiv-based entrepreneur Vadim Slyusarev’s business activities were mainly focused on the development of duty-free shops. After the full-scale invasion, some of his assets were destroyed and looted by the Russians.

Note about Vadym Slyusarev (Vadim Slyusarev):

Vadym Slyusarev started his business in 2015. According to media reports, Vadym Slyusarev is the owner of the Kharkiv-based Rapid plant, which operated in the Kharkiv region and specialised in panel-frame construction before the outbreak of full-scale war. To save the Rapid plant’s facilities from shelling and destruction in the first months of Russia’s full-scale invasion, the plant’s management decided to temporarily evacuate it. The owner was forced to relocate the plant’s production facilities partly to western Ukraine and partly to Hungary. Due to the lack of warehouses with special storage conditions in western Ukraine (a large number of companies were also forced to evacuate their production facilities), the most vulnerable and high-tech equipment was temporarily evacuated to Hungary.

According to Rapid’s administration, the plant will return to Ukraine and intends to resume production as soon as the security situation in the country allows it. Vadim Slyusarev does not conduct any public or political activity. Despite some unreliable references in the media, he is not a member of the “Sluga narodu” party (“Servant of the People”)or its governing bodies.