DPVR Endorses Multimillion-Dollar Financing

DPVR, a Shanghai-based company that specializes in VR device design and manufacturing, has raised a multimillion-dollar funding round.

The deal’s amount was not disclosed.

Huaqiang Equity, Qianyi Equity, and Lianxin Funds Management were the investors. This round was funded in part by Union Optech (300691.SZ).

The company plans to use the funds for new product development, core technology advancements and to hire more tech talent.

Sunny (Chaoyang Chen), founder of DPVR, has focused its efforts on creating and manufacturing VR headsets since 2007. In June 2022, the company announced that it would enter the mass market with the launch of a new generation 6DoF gaming VR headset based on machine vision technology, bringing users a superior “metaverse” interactive experience.

Elite gamers will soon be able to purchase the DPVR6DoF gaming headset.

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