Sandbox VR Inc.

Sandbox VR Inc. is a leading location-based virtual reality (VR) entertainment company, founded in 2016 by Steve Zhao. Headquartered in San Francisco, California, the company's mission is to bring people closer together through world-class immersive experiences. [20, 24]

Sandbox VR offers multiplayer, full-body VR experiences at physical venues, utilizing proprietary and patented technology that combines full-body motion capture and high-quality haptics for unprecedented realism. Their offerings include exclusive experiences developed by an in-house AAA studio, as well as licensed content through partnerships, notably with Netflix for experiences like "Squid Game Virtuals" and "Stranger Things: Catalyst." These experiences are designed for groups of up to six participants, allowing them to interact physically within virtual worlds. [3, 4, 8, 13, 25, 27, 31]

Under the leadership of CEO Steve Zhao, Sandbox VR has established itself as a significant player in the VR entertainment market. The company has raised over $119 million in funding from notable investors including Andreessen Horowitz, Alibaba, Justin Timberlake, and Kevin Durant. By March 2026, Sandbox VR had surpassed $300 million in lifetime revenue, operating over 80 venues globally and serving nearly 150,000 guests monthly. The company continues to expand its footprint, with plans to open approximately 200 franchise locations by the end of 2027. [1, 2, 4, 8, 20, 31]