March 1, 2023 – Pimax, a digital actuality (VR) {hardware} producer and supplier of ultra-wide area of view (FoV) and high-resolution shopper VR gadgets, has introduced that it has secured near USD $30 million in Sequence C1 financing. The funding spherical was led by Beijing-based funding agency Tuanmu Capital.
This newest funding spherical for Pimax follows a USD $20 million Sequence B funding in 2020, and a USD $15 million Sequence A in 2017.
Pimax said that the funding will assist to additional solidify the corporate’s monetary place because it rolls out its new portfolio of VR gadgets, together with the Pimax Crystal and Pimax Portal, and the 12K headset later in 2023.
The fund from the most recent spherical of financing shall be primarily utilized in three areas:
Additional bettering Pimax’ working capital place with the intention to put together for what the corporate anticipates shall be a speedy development in demand for its new Pimax Crystal and Pimax Portal product strains;
Additional enhancing and increasing the corporate’s enterprise operations to higher serve its international customers, each shoppers and enterprises; and
Additional growing R&D funding in areas that mirror Pimax’s core competitiveness.
Commenting on the funding, Pimax Founder, Robin Weng, mentioned: “We’re delighted with this new spherical of funding, because it permits us to spice up our manufacturing capability to satisfy the quickly rising demand for our new VR merchandise, in addition to to enhance each our {hardware} and software program additional. We’ve been innovating VR expertise and we are going to carry on doing that sooner or later, at all times pushing the bounds of what’s attainable by expertise.”
Weng additionally famous that even supposing Pimax has been in operation for seven years and has greater than 300 staff in workplaces all over the world, the corporate nonetheless maintains its startup perspective.
“We’re working exhausting to make the event and supply course of extra mature and steady to higher serve our customers from all over the world. This new spherical of financing will vastly assist us to realize that aim,” added Weng.
The corporate’s Founder additionally highlighted his perception in the truth that the way forward for the trade will contain a mixture of each digital and augmented actuality options into extended-reality (XR) headsets that may provide high-performance while additionally being light-weight and trendy. These XR gadgets can even be the next-generation of general-purpose private computing platforms, in line with Weng.
Additionally commenting on the announcement, a consultant from Tuanmu Capital said: “We consider that on the present stage of the VR trade, an important factor is to constantly enhance the efficiency specs of VR headsets by leveraging the most recent underlying expertise breakthroughs. With seven years of relentless effort in product innovation by regularly pushing technical boundaries, Pimax has turn out to be one of many only a few firms on the earth that boasts an entire suite of technical know-how spanning each PCVR and all-in-one VR, each high-end and lower-end headsets. We deeply consider in the way forward for the VR trade and Pimax has acquired a transparent shot at popping out as a winner.”
For extra info on Pimax and its digital actuality options, please go to the corporate’s web site.
Picture credit score: Pimax
Sam Sprigg
Sam is the Founder and Managing Editor of Auganix. With a background in analysis and report writing, he has been protecting XR trade information for the previous 5 years.
source https://vrgamenews.com/pimax-secures-almost-30m-in-series-c1-funding-to-expand-its-vr-offering/
No comments:
Post a Comment