Shanghai-based VR device maker DPVR announces completion of multimillion-dollar funding round

IN Virtual Reality news

June 21, 2022 – DPVRa Shanghai-based company specializing in virtual reality (VR) device design and manufacturing, has recently announced that it has completed a multi-million dollar round of funding.

The round was led by Huaqiang Equity, with the support of former investors Qianyi Equity and Lianxin Funds Management Company. DPVR stated that it plans to use the funds to advance its core technology, fund new product development and hire more technical talents to strengthen its presence in the VR market.

According to DPVR, investor Huaqiang Equity is now focusing on the virtual and augmented reality (VR / AR) industry, as well as intelligent manufacturing, new energy vehicles, aerospace, industrial software, new materials and other technology areas. The company has made investments across the entire VR / AR industry chain.

Huaqiang Equity co-founder Yu Chen said: “With the breakthrough of interaction technology, 5G, XR chips, optical modules and other related complex technologies, VR hardware has undergone the pioneering phase of ‘0 to 1’ technology. The content ecosystem is mature and it is now accelerating development with the positioning of consumer electronics. In addition, other related concepts and industries such as Web3, NFTs, metaverse and more are also under rapid development. “

Chen continued: “As a metavers infrastructure builder, DPVR has a long-term investment and advanced strategy in headset hardware and critical core technologies, a stable and mature supply chain system and excellent mass production capabilities – all of which are expected to keep DPVR ahead of the industry and drive constant growth in the metaverse market. on a global scale.”

DPVR was founded in 2015 and has focused on the design and manufacture of VR headsets for the past seven years and owns hundreds of related technology patents. Over the years, the company has released several VR devices, such as its P1 Ultra-4K standalone VR headset powered by the Qualcomm Snapdragon 845 chipset. Most recent, DPVR announced a new bundled 6DoF headset aimed at PC VR games, the company says, will also give users a “superior interactive metaverse experience.”

Commenting on the funding, Sunny (Chaoyang) Chen, founder of DPVR, said: “Our team continues to fulfill its responsibilities and has been working on value creation for a long time. DPVR plays a vital role in the Chinese VR industry and has serviced many early users of VR games over the last seven years. ” Chen added: “Our 6DoF gaming headset will soon be available to elite players worldwide, giving users a superior VR experience. We will continue to focus on the gaming community, and as a result, DPVR will offer more specialized product options to global players , strengthen global partners and supply high quality export products from China to the globe. “

For more information on DPVR and its virtual reality hardware and software solutions, please visit our company website.

Image credit: DPVR

About the author

Sam Sprigg

Sam is the founder and managing editor of Auganix. With a background in research and report writing, he covers news articles about both the AR and VR industry. He also has an interest in human augmentation technology as a whole and does not just limit his learning specifically to the visual experience side of things.

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