Hong Kong-based VR Startup Sandbox Nearly Closed Down; Came Back Stronger With Plans to Expand Globally

Backed by popular celebrities such as Will Smith, Katy Perry and Justin Timberlake during 2019


Wilson Twoon

24 Jan, 2022

Hong Kong-based VR Startup Sandbox Nearly Closed Down; Came Back Stronger With Plans to Expand Globally | BEAMSTART News

- From our Sponsors -

Hong Kong-based startup Sandbox VR (previously known as Glostation) plans to regain their footing in the VR space with plans on expanding to 40 other locations globally, according to an interview with SCMP.

Sandbox VR's History

Founder & CEO of Sandbox VR, Steven Zhao

  • The startup was first founded by Steven Zhao in 2017
  • Their office was located at 16th floor of a Hong Kong back-alley building
  • Offers location-based VR experiences with equipment like haptic vests and motion sensors

Latest Jobs

Founding Product Designer

Reacher

Full Time

USD 115000 — USD 175000 yearly

Software Engineer

Continue

California,

Full Time

USD 150000 — USD 200000 yearly

Software Engineer (Data)

Numeral

Full Time

USD 160000 — USD 210000 yearly

Senior Fullstack Engineer

Laylo

Full Time

USD 100000 — USD 175000 yearly

Founding Solutions Engineer

GrowthBook

Full Time

USD 170000 — USD 210000 yearly

AI Quality Strategy

Reclaim Protocol

Full Time

USD 50000 — USD 150000 yearly

Data Analyst

Camber

New York,

Full Time

USD 140000 — USD 170000 yearly

Credentialing Manager

LunaJoy Health

Contract

USD 50000 — USD 60000 yearly

Slow Growth and Impending Bankruptcy Due to COVID-19

Initial hurdles faced by Sandbox VR:

  • Slow growth and poor sales 
  • The firm was forced to shut down their arcades due to COVID-19
  • In 2020, the company filed for Chapter 11 bankruptcy in the US 
  • Zhao laid off 80% of his workforce, mostly from the research and development team

Community Q&A

Bounced Back Stronger with Reputable Investors

Despite numerous setbacks, Sandbox VR managed to recover from their downfall, and proceeded to: 

  • Reopen their arcades in April 2021 with new locations as COVID-19 restrictions eases 
  • Secure US$37 Million in a Series B funding by Andreessen Horowitz
  • Receive strong backing from Alibaba Group

- From our Sponsors -

Latest Jobs

Solutions Engineer

Depot

Full Time

USD 120000 — USD 150000 yearly

Founding Designer

Spur

New York,

Full Time

USD 140000 — USD 220000 yearly

Full-Stack Engineer

Clarion

New York,

Full Time

USD 150000 — USD 220000 yearly

Senior Software Engineer, Song Quiz

Volley

California,

Full Time

Salary Undisclosed

Director, Service Operations

Curri

California,

Full Time

USD 160000 — USD 190000 yearly

Founder's Office

CozmoX AI

California,

Full Time

USD 50000 — USD 100000 yearly

Launch Operations Specialist

RealRoots

California,

Contract

USD 80000 — USD 90000 yearly

Solutions & Sales Operations

Zensors

California,

Full Time

Salary Undisclosed

Account Executive (US)

Kombo

New York,

Full Time

USD 200000 — USD 220000 yearly

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest startup jobs, news, and discussions.

 
© 2016 - 2025 BEAMSTART. All Rights Reserved (Legal).