The Bala brothers were the former owners of Vicarious Visions in Menands. They sold this company and have recently created a new firm, Velan Studios located in Troy. Guha Bala, Founder and President said, “Troy, NY and the Capital Region is becoming a hot bed for new gaming startups. This investment capital ($7 million) will give us a boost in building world-class teams in our downtown Troy studio location.” Velan Studios <www.velanstudios.com> will be an innovative company supporting creative entrepreneurs and early stage companies with strategy, financing and management to bring video games and related technologies from proof of concept to market.
The Bala brothers have a track record that supports the notion that they are capable of applying AR, robotics and other emergent technologies in a world class fashion.