HYPEREAL recently announced the completion of Round B financing and has received a million-dollar investment from Qiming Ventures. This is the third round of financing completed by Hypereal since its establishment in July 2015. (Before, he obtained 10 million RMB-level angel round investment in Hewlett-Packard Capital, and US$10 million dollar A-round investment in US dollar fund SIG Heine Asia)
“HYPEREAL has been established since its establishment and has always insisted on independent development from the underlying technology to hardware and software. Strong technical and elite teams have enabled us to obtain three rounds of financing in the first and half years of establishment.†Hyperce CEO Huang Chaiming is full of the future of Hypereal. Confidence, “Right now, B-round financing has been completed. It represents a step forward for HYPEREAL on the VR dream journey. We will increase our investment in product research and development and create the world’s leading full set of VR solutions.â€
The investment in this round of B-round financing, Qiming Ventures, was established in 2006. Up till now, Qiming Venture Capital has invested in more than 180 companies, including: Xiaomi, Dazhongyi, Mushroom Street, Mito, Inc. , Mobike and other famous companies.
Mr. Ruan Ziping, one of the founders of Qiming Venture Capital, once stated that most VR projects that currently play "concepts" on the market are not competitive. What is emphasized in the VR hardware field is real technical innovation. It is not a play concept that can gain a firm foothold in this emerging but highly competitive industry.
Mr. Ye Guantai, a partner of Qiming Capital Partners, led the investment. He mentioned that “VR and AR are the most promising emerging technology industries in the next 10 years. VR's 360-degree immersive experience gives users no sense of presence. Comparable: In the past two years, the enlightened team has done a lot of research and interviews with many domestic and foreign VR technology companies. We believe that HypereAL is a very few domestic and foreign companies with independent development capabilities of the underlying hardware and software, and also the company's future good development. The outlook and the leading position in the industry are full of confidence. We are honored to have the opportunity to become shareholders of the company."
"B round of funds is mainly used for mass production of new products and VR content operation and ecosystem establishment that we will release on March 27. It will also be used to increase talent building efforts and invest in the research and development of new products. HYPEREAL CEO Huang Chai Ming said. Strong capital support makes Hypereal more focused on the refinement and innovation of its own technology.
On March 27th, Hypereal will hold a new product launch in Beijing to release a new generation of VR head-display hardware products and various software developed independently. We expect that Hypereal will bring more surprises!
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